Morning interbank fixing in London closed with gold price increase
Almaty. June 5. Silkroadnews – Gold Ounces’ price made $1280.7 as a result of the morning interbank fixing in London.
Regarding Friday evening fixing in dollar terms it increased by 5.75.
The cost of gold ounce in euro made 1136.88 (+6.13), and in British pound – 992.41 (+1.39).
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.