Morning interbank fixing in London closed with gold price decline
Date: 16:00, 07-11-2016.
Almaty. November 7. Silkroadnews – Gold Ounces’ price made $1286.8 as a result of the morning interbank fixing in London.
Regarding Friday evening fixing in dollar terms it declined by 16.
The cost of gold ounce in euro made 1162.495 (-9.634), and in British pound – 1036.131 (-3.764).
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.
