题目
If the gold lease rate is higher than the risk-free rate, what is the market structure of the forward market for gold?
选项
A.Backwardation
B.Contango
C.Inversion
D.Need more information to determine
答案
A
解析
「huixue_img/importSubject/1564169524289343488.png」The spot price is higher than forward prices. Market is in backwardation.