You are long 10 gold futures contracts, established at an initial settle price of $1,560 per ounce, where each contract represents 100 ounces. Over the subsequent four trading days, gold settles at $1,567, $1,566, $1,569, and $1,577, respectively.
Calculate the profit or loss for each trading day. (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)
Profit/Loss
Day 1 $
Day 2 $
Day 3 $
Day 4 $
Compute your total profit or loss at the end of the trading period. (Input your answer as a positive value. Do not round intermediate calculations.)
ProfitLoss $