Morning interbank fixing in London closed with gold price decline
Almaty. November 3. Silkroadnews – Gold Ounces’ price made $1293 as a result of the morning interbank fixing in London.
Regarding Wednesday evening fixing in dollar terms it declined by 10.75.
The cost of gold ounce in euro made 1165.898 (-7.738), and in British pound – 1040.606 (-19.473).
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.