On March $1$ the price of gold was $$2,295$ and the December futures price was $$2,350.$ A gold

producer entered into a December futures contracts to hedge $100\%$ of its expected gold sale

in eight months. On November $1,$ the spot price of gold was $$2283$ and the December futures

price was $$2293.$ The gold producer sold its gold on the spot market and closed out its

position. After taking into account of the cost of hedging, what was the effective price

received by the company for the gold?