Question
An investor takes a long position in five December gold futures contracts on June 5 Contract size is 100 oz. Futures price on June 5
An investor takes a long position in five December gold futures contracts on June 5 Contract size is 100 oz. Futures price on June 5 is US$1450/oz Initial margin requirement is US$6,000 per contract
june 5 future price oz margin account balance
| day1 | 1450 | ? |
|---|---|---|
| day 2 | 1442 | ? |
| day 3 | 1455 | ? |
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Financial Times Guide To The Financial Markets
Authors: Glen Arnold
1st Edition
0273730002, 978-0273730002
