To calculate the margin for gold, you need to know the transaction size, the gold price, and the leverage.
For example, the transaction size is 4 lots, the price of gold is $904, and the leverage is 1:100 (since gold has standard leverage of 1:100).
When calculating the margin, take into account that 1 lot = 100 ounces.
Next, we use the formula: the price of gold is multiplied by the number of ounces (transaction size) and divided by 100 (leverage 1:100).
$904*400 ounces (4 lots)/100 = $3,616
