Question on futures contract on gold. Suppose that the spot price of gold is $1,800 an ounce but the futures price is $1,850. Since the contracts are for 100 ounces of gold, a contract is worth $185,000. The margin requirement is $10,000 a contract. If the futures price rises to $1,900, what would be your gains? Select one: a. -$10,000 b. $5,000 c. $8,150 d. $10,000 Question on futures contract on gold. Suppose that the spot price of gold is $1,800 an ounce but the futures price is $1,850. Since the contracts are for 100 ounces of gold, a contract is worth $185,000. The margin requirement is $10,000 a contract. If the futures price declines to $1,750, what is your gain or loss on your position? Select one: a. $5,000 b. -$5,000 C. -$10,000