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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 five July gold futures contracts at per ounce. Each contract size is ounces. July gold futures price increases. The investor decides to increase his position and goes long another five contracts at per ounce The investor pays roundturn commissions of $ per contract. Later he decides to liquidate all contracts at What is the resulting profit or loss?
profit loss.
$ profit
$ loss
$ profit
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