As a result of the morning interbank fixing in London the gold price increased
Date: 15:25, 11-05-2016.
Almaty. May 11. Silkroadnews – Gold Ounces’ price made $1271.8 as a result of the morning interbank fixing in London.
Regarding the Tuesday evening fixing in dollar terms it increased by 9.
The cost of gold ounce in euro made 1116.093 (+6.811), and in British pound 882.449 (+8.209).
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.
