The morning interbank fixing in London results in the gold price decrease
Date: 18:03, 25-05-2016.
Almaty. May 25. Silkroadnews – Gold Ounces’ price made $1220.75 as a result of the morning interbank fixing in London.
Regarding the Tuesday evening fixing in dollar terms it declined by 16.1.
The cost of gold ounce in euro made 1194.769 (-14.067), and in British pound 834.627 (-12.836).
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.
