Gold Fixing
Gold, United States Dollar, Pound sterling, London Gold Pool, Troy Weight, Spot Contract, Bid–offer Spread
978-620-1-18303-2
6201183035
80
2012-06-30
34.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The London gold fixing or gold fix is the procedure by which the price of gold is determined twice each business day on the London market by the five members of The London Gold Market Fixing Ltd, on the premises of N M Rothschild & Sons. It is designed to fix a price for settling contracts between members of the London bullion market, but informally the gold fixing provides a recognized rate that is used as a benchmark for pricing the majority of gold products and derivatives throughout the world's markets. The gold fix is conducted in United States dollars (US$), Pound sterling (GBP), and the euro (€) daily at 10.30am and 3pm, London time, via a dedicated telephone conference facility.
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