As a result of the morning interbank fixing in London the gold price declined
Date: 16:01, 17-05-2016.
Almaty. May 17. Silkroadnews – Gold Ounces’ price made $1270.1 as a result of the morning interbank fixing in London.
Regarding the Monday evening fixing in dollar terms it declined by 15.65.
The cost of gold ounce in euro made 1121.426 (-12.953), and in British pound 877.504 (-16.298).
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.
