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Gold (GOLD)

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

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