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One use for futures markets is price discovery, that is, the futures price mirrors the current consensus of the future price of the commodity. Suppose

One use for futures markets is price discovery, that is, the futures price mirrors the current consensus of the future price of the commodity. Suppose that the current price of gold is $1,844, but you expect the price to rise to $2,000. Assume the futures price is $1,950. Spot price of gold $1,844 Futures price of gold $1,950 Expected future price of gold $2,000 If your expectation is fulfilled, what is your profit? Your profit would be $ ? . Do not round your answer.

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