Gold fixing(redirected from London 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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved