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Chapter 247 Manchester United Brand Management
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... position of the gold futures contract held by the fund.
It is already May, and as expected by William Chen, the price of gold is still rising. By May 5, the international price of gold has risen to US$1,445 per ounce. At this time, Martin has completed the 50% stake held by the Caitlin Fund. The average closing price of the $100 million gold futures is around $1,430 per ounce. Therefore, the $5 billion in the Caitlin fund has become $6.4375 billion, which is enough to spend $1 billion to ...
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