Given the following information, what would you expect to be the minimum price at which a 6 month futures contract for 1 ounce of gold would be trading? The spot price of gold is $1000 per ounce. Storage and insurance costs for gold are $20.00 per ounce, per month, payable at the end of the storage period. You can borrow money at 6% per year. $1,270 $1,180 $1,210 $1,150