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Suppose you own three (3) gold futures contract, where the futures contract size is 100 oz. Yesterday, the futures price closed at $1,800 per oz.
Suppose you own three (3) gold futures contract, where the futures contract size is 100 oz. Yesterday, the futures price closed at $1,800 per oz. Today, the futures price closes at 1,793. Calculate your daily gains of your futures position. If a loss, report a negative number. (margin for error: +/- $10)
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