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QUESTION 3 Suppose you sell eleven August 2020 gold futures contracts one week ago, at a price of $1695 per ounce. The contract size of

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QUESTION 3 Suppose you sell eleven August 2020 gold futures contracts one week ago, at a price of $1695 per ounce. The contract size of the futures is 100 ounce. If the spot gold price is $1720 and the gold futures price is $1686 today, what is your total profit or loss from this futures contract? 9900 19800 27500 -9900 -27500

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