Morning interbank fixing in London resulted in gold price increase
Date: 17:05, 01-07-2016.
Almaty. July 1. Silkroadnews – Gold Ounces’ price made $1331.75 as a result of the morning interbank fixing in London.
Regarding Thursday evening fixing in dollar terms it increased by $11.
The cost of gold ounce in euro made 1199.507 (+11.757), and in British pound 1001.343 (+18.177).
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.
