When the international gold futures prices surged again, and they rose to a certain level, positions were reduced. They made a profit and ran, pocketing the money to secure it.
Although the price of international gold futures often experiences pullbacks and fluctuates up and down, the upward trend is unwavering. In over three months, it has broken through to over $1382.
Under Cheng Guohua's command and trading, not only have the international gold futures contracts held increased to 100,000 lots, but they have also earned $1.58 billion in cash.
The holdings of international gold futures increased from 20,000 lots to 100,000 lots. Every one dollar fluctuation in the international gold futures price equals $10 million in profit or loss.
The current account has a floating profit of as high as over $2.93 billion, the total profit reaching over $4.5 billion.
