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You are long 10 gold futures contracts, established at an initial settle price of $1,520 per ounce, where each contract represents 100 ounces. Over the
You are long 10 gold futures contracts, established at an initial settle price of $1,520 per ounce, where each contract represents 100 ounces. Over the subsequent four trading days, gold settles at $1,523, $1,518, $1,527, and $1,532, respectively. Calculate the profit or loss for each trading day. (Do not round intermediate calculations. A negative answer 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 your answer as a positive value. Do not round intermediate calculations.) (Click to select)
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