You currently do not have any investments in gold, but decided to speculate in the market and sold 8 gold forward contracts at a forward price of $867.50 per ounce. The price of gold at the contract maturity date was $730.40. What was your total profit or loss if each contract size was 100 ounces? $109,680 O-$137.10 $0, because the buyer does not exercise right $109,680