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You are long 1 0 gold futures contracts, established at an initial settle price of $ 1 , 6 0 0 per ounce, where each

You are long 10 gold futures contracts, established at an initial settle price of $1,600 per ounce, where
each contract represents 100 ounces. Over the subsequent four trading days, gold settles at $1,606,
$1,597, $1,606, and $1,608, respectively.
(a) Calculate the profit or loss for each trading day.
(b) Compute your total profit or loss at the end of the trading period.

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