Morning interbank fixing in London closed with gold price decrease
Beijing. February 28. Silkroadnews - Gold Ounces’ price made $1320.3 as a result of the morning interbank fixing in London.
Regarding Tuesday evening fixing in dollar terms it decreased by 5.45.
The cost of gold ounce in euro made 1080.53 (+0.04), and in British pound – 951.14 (-2.87).
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.