Interbank fixing in London closed with gold price decrease
Date: 06:38, 24-05-2018.
Beijing. May 24. Silkroadnews - Gold Ounces’ price made $1289 as a result of the evening interbank fixing in London.
Regarding Wednesday morning fixing in dollar terms it declined by 5.
The cost of gold ounce in euro made 1100.42 (-2.46), and in British pound – 965.07 (-2.84).
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.
