1. Suppose you own three gold futures contracts, where the futures contract size is 100 oz. Yesterday, the futures price closed at $1,800 per oz. Today, the futures price closes at 1,801. Calculate the daily gains of your future position.

2. You own a bond portfolio worth $49,000 with a modified duration of 5.1 years. You believe the interest rate will decrease by 0.3% soon. Predict the new value of your bond portfolio after this interest rate change.

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