Futures contracts on gold are based on 75 tory ounces and priced in dollars per tory ounce. Assume the February gold contract settled today at 1365.10 and opened at 1284.60. The April contract settled today at 1365.10 and own three of the April contract that you purchased at 1373.70. What is your total profit or loss to date?

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ANSWER To calculate your total profit or loss we need to consider the difference ... View the full answer