Morning interbank fixing in London resulted in gold price decline
Date: 18:00, 14-07-2016.
Almaty. July 14. Silkroadnews – Gold Ounces’ price made $1325.7 as a result of the morning interbank fixing in London.
Regarding Wednesday evening fixing in dollar terms it decreased by $17.05.
The cost of gold ounce in euro made 1192.997 (-18.029), and in British pound 1001.964 (-13.021).
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.
