Morning interbank fixing in London resulted in gold price decline
Date: 16:58, 12-07-2016.
Almaty. July 12. Silkroadnews – Gold Ounces’ price made $1352.85 as a result of the morning interbank fixing in London.
Regarding Friday evening fixing in dollar terms it decreased by $4.25.
The cost of gold ounce in euro made 1217.836 (-8.847), and in British pound 1029.113 (-16.397).
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.
