Morning interbank fixing in London resulted in gold price increase
Date: 15:02, 18-08-2016.
Almaty. August 18. Silkroadnews – Gold Ounces’ price made $1347.1 as a result of the morning interbank fixing in London.
Regarding Wednesday evening fixing in dollar terms it raised by 3.75.
The cost of gold ounce in euro made 1190.836 (-1.656), and in British pound – 1023.931 (-9.508).
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.
