Morning interbank fixing in London closed with gold price increase
Date: 06:40, 11-05-2018.
Beijing. May 11. Silkroadnews - Gold Ounces’ price made $1318.8 as a result of the morning interbank fixing in London.
Regarding Thursday evening fixing in dollar terms it increased by 4.
The cost of gold ounce in euro made 1106.74 (-0.06), and in British pound – 976.84 (+7.57).
The interbank gold fixing is carried out every trading day at 10.30 and 15.00 GMT. The fixing results are used as a guide to trade the gold futures around the world. 5 financial institutes physically participating in delivery of gold determine the price.
