Question 4: In May you've entered in one long December Futures gold contract for loz...
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Question 4: In May you've entered in one long December Futures gold contract for loz of gold. At that time the gold spot price was $1300 and basis was S-30. In August you've bought gold at the spot price of $1400 and closed your Futures position. How much you effectively paid for gold (including any gains/losses from your Futures contract) if at that time (in August) the basis was $-40
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