Morning interbank fixing in London resulted in gold price decline
Date: 14:38, 08-08-2016.
Almaty. August 8. Silkroadnews – Gold Ounces’ price made $1330 as a result of the morning interbank fixing in London.
Regarding Friday evening fixing in dollar terms it declined by 10.4.
The cost of gold ounce in euro made 1198.862 (-13.798), and in British pound – 1019.844 (-8.109).
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.
