Morning interbank fixing in London closed with gold price decrease
Beijing. May 2. Silkroadnews - Gold Ounces’ price made $1307.1 as a result of the morning interbank fixing in London.
Regarding Tuesday evening fixing in dollar terms it decreased by 2.1.
The cost of gold ounce in euro made 1087.9 (+0.22), and in British pound – 958.37 (+2).
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.