Spot vs Futures
The difference between the cash/current price story and the contract month you can actually trade.
Headlines quote spot; your P&L quotes a futures month (or an ETF that has its own tracking). Basis, storage, and roll can make those numbers diverge. Trade the instrument on the ticket.
On the desk
Gold can ‘be up on the day’ in a cash quote while your futures month is unchanged after a roll adjustment. Check the symbol.
