You Speculate in the Market by Selling 10 Gold Futures

question 155

Multiple Choice

You speculate in the market by selling 10 gold futures contracts when the futures price is $524.30 per ounce. The price on the contract maturity date is $521.70. What is your total profit (loss) if the contract size is 100 ounces?

• A) -$2,600
• B) -$260
• C) $26
• D) $260
• E) $2,600

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