Morning interbank fixing in London resulted in gold price decline
Date: 19:50, 15-08-2016.
Almaty. August 15. Silkroadnews – Gold Ounces’ price made $1339.2 as a result of the morning interbank fixing in London.
Regarding Friday evening fixing in dollar terms it declined by 13.
The cost of gold ounce in euro made 1198.852 (-8.933), and in British pound – 1037.21 (-4.931).
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.
