Question
You are long 10 gold futures contracts, established at an initial settle price of $1,510 per ounce, where each contract represents 100 ounces. Over the
You are long 10 gold futures contracts, established at an initial settle price of $1,510 per ounce, where each contract represents 100 ounces. Over the subsequent four trading days, gold settles at $1,517, $1,509, $1,513, and $1,517, respectively. Calculate the profit or loss for each trading day. (Do not round intermediate calculations. A negative amount should be indicated by a minus sign.) Profit/Loss Day 1 $ Day 2 $ Day 3 $ Day 4 $ Compute your total profit or loss at the end of the trading period.(Input amount as a positive value. Do not round intermediate calculations.) $
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