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Gold Fixing

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Gold fixing
The process of determining the price of gold based on supply and demand forces of the market; which occurs twice daily in London.

Gold Fixing
The determination of the price of gold. Gold fixing is done twice per day by the London gold pool, which consists of five members who investigate the supply and demand for gold on the world market. The price that gold fixing determines serves as a benchmark for gold trading worldwide.


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The open market gold price The gold prices is determined on the open market, but a procedure recognized as the Gold Fixing in London, originating in 1919; provide a twice-daily benchmark figure to the industry.
London Gold Fixing Gold fixed at record high Spot 511.
gold fixing price for an ounce of gold in the London bullion market on each of the 20 trading days ending on January 30, 2006.
 
 
 
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