Morning interbank fixing in London resulted in gold price decrease
Date: 16:29, 19-07-2016.
Almaty. July 19. Silkroadnews – Gold Ounces’ price made $1332.2 as a result of the morning interbank fixing in London.
Regarding Monday evening fixing in dollar terms it decreased by $2.5.
The cost of gold ounce in euro made 1203.376 (-2.525), and in British pound – 1009.142 (+2.378).
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.
