Morning interbank fixing in London resulted in gold price decrease
Date: 16:01, 31-08-2016.
Almaty. August 31. Silkroadnews – Gold Ounces’ price made $1314.45 as a result of the morning interbank fixing in London.
Regarding Tuesday evening fixing in dollar terms it decreased by 3.7.
The cost of gold ounce in euro made 1179.193 (-3.583), and in British pound – 1000.296 (-5.057).
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.
