Assume that a trader goes LONG Gold futures at a futures price of $1800 on Oct. 1. One contract is for 100 oz., the required Initial Margin is $9000, and the Maintenance Margin is $5000.

a) What gold price will trigger a margin call?

b) How much money will the trader have to add to meet the margin call?

c) Assume a day after the margin call, Gold price is still the same, and the trader places a sell order to close out the position. How much money can be removed from the account at that time, and, what was the traders overall profit or loss.