You sell one December gold futures contract when the futures price is $1010 per ounce. Each contract is on 100 ounces of gold and the initial margin per contract that you provide is $2000. The maintenance margin per contract is $1500. During the next day, the futures price rises to $1012 per ounce. What is the balance of your margin account at the end of the day? _ _ _ _ _ _

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The Answer of You sell one December gold futures contract when the futures price is $1010 per ounce. Each contract is on 100 ounces of gold and the initial margin per contract that you provide is $2000. The maintenance margin per contract is $1500. During the next day, the futures price rises to $1012 per ounce. What is the balance of your margin account at the end of the day? _ _ _ _ _ _

You Sell One December Gold Futures Contract When the Futures