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gold fix

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
gold fix
The setting of the price of gold by dealers so as to establish values for gold bullion, gold products, and gold-related products. The price of gold is fixed twice a day in each of the world's gold centers. See also fix.


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However, the WGC welcomes the NAO's criticism of the British Treasury implicit in the reports recommendation that "the Treasury could give further thought, in consultation with the gold market, to using the London Gold Fix as an alternative or additional means of selling gold.
If the UK government insists on selling British gold, the UK should follow their example and use the BIS or sell through the London gold fix.
The London gold fix this morning priced gold at $286.
 
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