Morning interbank fixing in London closed with gold price decline
Almaty. November 10. Silkroadnews – Gold Ounces’ price made $1280.9 as a result of the morning interbank fixing in London.
Regarding Wednesday evening fixing in dollar terms it declined by 0.5.
The cost of gold ounce in euro made 1175.482 (+5.436), and in British pound – 1034.071 (-1.044).
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.