Evening interbank fixing in London closed with gold price increase
Beijing. Jul 16. Silkroadnews - Gold Ounces’ price made $1241.7 as a result of the evening interbank fixing in London.
Regarding Friday morning fixing in dollar terms it increased by 1.2.
The cost of gold ounce in euro made 1065.88 (-0.95), and in British pound – 942.33 (-2.81).
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.