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Below is a trade example on spot gold trading.
The current price for spot gold (XAU/USD) is 1662.80/1663.30. Assuming you take on a bullish view and you buy 100 ounce of spot gold. Your exposure for 100 ounce of spot gold is $166,330 and the margin required to initiate this position is USD$11,643.10.
If the price of spot gold goes up to 1664.30/1664.80 and you sell 100 ounce at 1664.30, you will make USD$100.
Minimum contract size: 100 units (equivalent to 100 ounce)
Initial margin required: 7%*.
| Summary |
USD |
| Trading Balance |
20,000 |
| Exposure (1,663.30x 100) |
166,330 |
| Margin required (1,663.30 x 100 x 7%) |
11,643.10 |
| Realised profit [(1,664.30-1663.30) x 100] |
100 |
| Trading Balance AFTER realizing profit |
20,100 |
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*Margin requirements are subject to changes from time to time, with or without prior notice.
To start trading spot gold, login to DBSVefx trading platform,
or contact us at email : efx@dbsvickers.com or tel : +65 6327 9559 for more information.
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