Morning interbank fixing in London resulted in gold price increase
Date: 16:53, 04-07-2016.
Almaty. July 4. Silkroadnews – Gold Ounces’ price made $1348.75 as a result of the morning interbank fixing in London.
Regarding Friday evening fixing in dollar terms it increased by $8.75.
The cost of gold ounce in euro made 1213.066 (+10.148), and in British pound 1016.418 (+10.614).
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.
