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Suppose you sell five August 2020 gold futures contracts one week ago, at a price of $1753 per ounce. The contract size of the futures

Suppose you sell five August 2020 gold futures contracts one week ago, at a price of $1753 per ounce. The contract size of the futures is 100 ounce. If the spot gold price is $1729 and the gold futures price is $1694 today, what is your total profit or loss from this futures contract?

12000

-29500

59000

29500

-12000

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