Morning interbank fixing in London resulted in gold price decrease
Date: 15:59, 07-06-2016.
Almaty. June 7. Silkroadnews – Gold Ounces’ price made $1241.1 as a result of the morning interbank fixing in London.
Regarding the Monday evening fixing in dollar terms it decreased by 2.9.
The cost of gold ounce in euro made 1091.423 (-4.168), and in British pound 851.022 (-10.821).
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.
