Morning interbank fixing in London resulted in gold price decrease
Date: 17:24, 20-07-2016.
Almaty. July 20. Silkroadnews – Gold Ounces’ price made $1325.6 as a result of the morning interbank fixing in London.
Regarding Tuesday evening fixing in dollar terms it decreased by 5.3.
The cost of gold ounce in euro made 1204.308 (-3.084), and in British pound – 1005.865 (-7.748).
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.
