Morning interbank fixing in London resulted in gold price decline
Date: 17:51, 25-08-2016.
Almaty. August 25. Silkroadnews – Gold Ounces’ price made $1324.5 as a result of the morning interbank fixing in London.
Regarding Wednesday evening fixing in dollar terms it declined by 2.75.
The cost of gold ounce in euro made 1172.977 (-5.488), and in British pound – 1001.057 (+0.045).
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.
