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An investor believes that the price of gold will increase and buys 5 ( five ) July gold futures contracts at 1 6 0 0

An investor believes that the price of gold will increase and buys 5(five) July gold futures contracts at 1600.00 per ounce. Each contract size is 100 ounces. July gold futures price increases. The investor decides to increase his position and goes long another 5(five) contracts at 1610.00 per ounce . The investor pays round-turn commissions of $20 per contract. Later he decides to liquidate all contracts at 1605.00. What is the resulting profit or loss?
A.No profit or loss.
B. $20 profit
C. $200 loss
D. $2,300 profit

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