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On 6/5/2014, an investor buys 7 gold futures contracts, when the futures price is $1400 per ounce. The contract size is 100 ounces. The next

On 6/5/2014, an investor buys 7 gold futures contracts, when the futures price is $1400 per ounce. The contract size is 100 ounces. The next day, the futures price becomes $1,396.27. Calculate the daily gain.

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