Morning interbank fixing in London resulted in gold price decline
Date: 15:05, 19-08-2016.
Almaty. August 19. Silkroadnews – Gold Ounces’ price made $1346.85 as a result of the morning interbank fixing in London.
Regarding Thursday evening fixing in dollar terms it declined by 3.2.
The cost of gold ounce in euro made 1189.673 (-3.906), and in British pound – 1026.3 (-1.493).
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.
