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Futures Contract
A legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future.
Pounds
The unit of currency used in the United Kingdom, also known as the British pound sterling (GBP).
Marking-to-Market
An accounting practice where assets and liabilities are valued according to current market prices, rather than book or historical prices.
Troy Ounce
A unit of measure used for precious metals, slightly heavier than an avoirdupois ounce, equal to approximately 31.1035 grams.
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