24 Futures Quotes Suppose you sell five May 2020 gold futures contracts on 16 April 2020, at the last price of the day at $1,648.6 per ounce. What will your profit or loss be if gold prices turn out to be $1,500 per ounce at expiration and $1,300 per ounce at expiration? Assume each contract is for 100 ounces.