Question
Suppose you purchase a gold futures contract with a price of $1382 per ounce by the end of the month. The current price of gold
Suppose you purchase a gold futures contract with a price of $1382 per ounce by the end of the month. The current price of gold closes at $1375. The spot price of gold then rises to $1380 the next day. If the futures contract is marking to market on a daily basis as the price changes, what is your cash flow at the end of the next business day?
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Financial Analysts Indispensable Pocket Guide
Authors: Ram Ramesh
1st Edition
0071361561, 978-0071361569
