Morning interbank fixing in London resulted in gold price decline
Date: 15:04, 12-08-2016.
Almaty. August 12. Silkroadnews – Gold Ounces’ price made $1336.7 as a result of the morning interbank fixing in London.
Regarding Thursday evening fixing in dollar terms it declined by 18.3.
The cost of gold ounce in euro made 1199.02 (-14.247), and in British pound – 1032.601 (-11.833).
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.
