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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

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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. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) b. Compute your total profit or loss at the end of the trading period. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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