As a result of the morning interbank fixing in London the gold price declined
Date: 16:38, 18-05-2016.
Almaty. May 18. Silkroadnews – Gold Ounces’ price made $1270.9 as a result of the morning interbank fixing in London.
Regarding the Tuesday evening fixing in dollar terms it declined by 6.1.
The cost of gold ounce in euro made 1127.211 (+1.215), and in British pound 882.051 (-1.384).
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.
