Question
Suppose you sell five August 2020 gold futures contracts one week ago, at a price of $1692 per ounce. The contract size of the futures
Suppose you sell five August 2020 gold futures contracts one week ago, at a price of $1692 per ounce. The contract size of the futures is 100 ounce. If the spot gold price is $1700 and the gold futures price is $1666 today, what is your total profit or loss from this futures contract?
| -13000 | ||
| 4000 | ||
| 13000 | ||
| 26000 | ||
| -4000 |
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
