I mean...if you buy one futures contract of gold with prices - bid 900/ ask 950. And...a few days ago the price is 1000(bid 950/ ask 1050) - then would you sell for 950 or for 900 as it was in your first contract?
Thanks alot!|||i don't think that the spread would ever be that drastic. It's usually a percentage point or two.
That in mind, when you want to buy gold, you make a request for buy say 1000 oz of gold,
gold @ 900.35- the bid is 900.29 and ask is 900.45
you are looking to get that asking price (if you are purchasing)- if no one on the trading floor is willing to sell 1000 oz at that time- the price will move upward until it hits a target price in which someone is willing to sell you that 1000 oz.
helps?|||If it tells you how much to sell it for, then why is that clause written in the contract?
Shouldn't you be allowed to sell it for what you can bring in for it, according to market value? If you buy it?
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