Morning interbank fixing in London resulted in gold price decline
Date: 14:22, 05-08-2016.
Almaty. August 5. Silkroadnews – Gold Ounces’ price made $1362.6 as a result of the morning interbank fixing in London.
Regarding Thursday evening fixing in dollar terms it declined by 0.15.
The cost of gold ounce in euro made 1222.525 (-0.679), and in British pound – 1036.394 (-2.158).
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.
