Morning interbank fixing in London closed with gold price decrease
Beijing. February 19. Silkroadnews - Gold Ounces’ price made $1347.4 as a result of the morning interbank fixing in London.
Regarding Friday evening fixing in dollar terms it decreased by 4.7.
The cost of gold ounce in euro made 1085.47 (-1.75), and in British pound – 961.1 (-2.41).
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.