Question

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 $1,603, $1,598, $1,601, and $1,602, 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)LossProfit

$

Answer 1