Morning interbank fixing in London resulted in gold price increase
Date: 17:47, 07-07-2016.
Almaty. July 7. Silkroadnews – Gold Ounces’ price made $1367.1 as a result of the morning interbank fixing in London.
Regarding Wednesday evening fixing in dollar terms it increased by $0.85.
The cost of gold ounce in euro made 1233.398 (-1.965), and in British pound 1052.804 (-3.99).
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.
