Question: 4. [1 point] Using the information below, what is the basis for the March Gold Futures Contract? The spot price on February 1 was $1,859.44

 4. [1 point] Using the information below, what is the basis

4. [1 point] Using the information below, what is the basis for the March Gold Futures Contract? The spot price on February 1" was $1,859.44 per troy ounce. Contract Month March April Futures Price February 1st $1,862.30 $1,864.10

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