Morning interbank fixing in London resulted in gold price decline
Date: 16:25, 11-08-2016.
Almaty. August 11. Silkroadnews – Gold Ounces’ price made $1344.55 as a result of the morning interbank fixing in London.
Regarding Wednesday evening fixing in dollar terms it declined by 3.15.
The cost of gold ounce in euro made 1206.061 (+0.274), and in British pound – 1037.051 (+2.691).
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.
