Analysts are of the view that China's central bank will soon allow a yuan-denominated gold fix
, Reuters has reported.
The 95-year-old London gold fix
is similar to the silver fix except it relies on four banks (Barclays, FISBC Holdings, Bank of Nova Scotia and Societe General) and one of its banks was fined recently for manipulating the price.
However, this shouldn't take too much winning and Gold Fix
has hinted at enough talent to seize the opportunity.
As they passed the post together, my first impression was that Desert Auction had just held on, but as Racing UK switched to a freeze frame, it looked clear that Gold Fix
had just nosed ahead on the line.
FR) and Bank of Nova Scotia (NYSE: BNS) (TSX: BNS) - have been accused in a US lawsuit of manipulating the London gold fix
, an age-old pricing of gold twice daily, according to a report by Bloomberg.
While there's no evidence the gold fix
is being manipulated, economists and academics have said the way the benchmark is set is outdated, vulnerable to abuse, and lacking in any direct regulatory oversight.
At Catterick, Mick Channon''s Gold Fix
drops into selling company and can make the most of a weak field to score in the Ladies'' Evening Selling Stakes.
Aside from the experience, Tim, a police press officer, vividly remembers meeting Jimmy and receiving his gold Fix