Morning interbank fixing in London resulted in gold price increase
Date: 17:00, 06-06-2016.
Almaty. June 6. Silkroadnews – Gold Ounces’ price made $1240.55 as a result of the morning interbank fixing in London.
Regarding the Friday evening fixing in dollar terms it increased by 0.05.
The cost of gold ounce in euro made 1092.676 (-1.321), and in British pound 859.081 (+7.478).
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.
