Morning interbank fixing in London resulted in gold price decrease
Date: 17:12, 18-07-2016.
Almaty. July 18. Silkroadnews – Gold Ounces’ price made $1326.15 as a result of the morning interbank fixing in London.
Regarding Friday evening fixing in dollar terms it decreased by $0.85.
The cost of gold ounce in euro made 1200.298 (+3.079), and in British pound – 1000.05 (+1.881).
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.
