Hi folks!
Can someone explain the calculation for gold (long position) overnight charges? I have done some numbers using the formula and Oil CFD example on the IG website, but my numbers are off every time.
Let's consider this scenario:
Bought Gold @ 1745 and position is open for the past 3 days.
The Helpdesk has sent me a couple of replies about Tom-next and T+2 rates but I'm still getting a charge that doesn't match the explanations.
How does this work out?
Many thanks!