Question: Q1. Two days ago Trader A held a short position in 25 NYMEX Gold futures for MAR 2024. Every contract is for 100 ounces. Trader

Q1. Two days ago Trader A held a short position in

Q1. Two days ago Trader A held a short position in 25 NYMEX Gold futures for MAR 2024. Every contract is for 100 ounces. Trader B was A's counterparty on the 25 short contracts. The Settlement price two nights ago was $1,800/ ounce. Yesterday, at 11:00AM A closed 10 contracts for $1,802/ ounce. When A closed these 10 contracts the counterparty was Trader C. The Settlement price last night was $1,799/ ounce. A,B and C did not engage in any other trades. Calculate the cash flows to the margin accounts of A,B and C in the table below

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