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You own one futures contract on gold that you purchased at a quoted price of 1,448.5. The current price quote is 1,405.5. The contract size is 100 ounces and the quotes are expressed in dollars and cents per ounce. What is your current profit or loss on this investment?
Warm
Describes a higher temperature or a sensation of heat which is more than mild but not excessively hot.
Calderas
Large, usually circular depressions or crater formed by the collapse of a land area following the eruption of a volcano, often filled with water to form a lake.
Fissures
Long, narrow openings or cracks in the Earth’s surface, often formed by the splitting apart of rocks or ground during processes like erosion or earthquakes.
Cones
Natural or man-made structures with a circular base that tapers to a point, commonly found in volcanology as volcanic cones.
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