Morning interbank fixing in London closed with gold price decrease
Almaty. May 3. Silkroadnews – Gold Ounces’ price made $1253.95 as a result of the morning interbank fixing in London.
Regarding Tuesday evening fixing in dollar terms it decreased by 1.5.
The cost of gold ounce in euro made 1148.99 (-2.01), and in British pound – 971.18 (-1.04).
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.