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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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Notably, the market value is significantly higher at $345 billion (based on the London Gold Fixing for September 30, 2016) as cited in the Treasury's report filed June 30, 2017 (U.S.
For daily gold prices, we will rely on the London gold fixing, which represents the process of setting the price for gold, twice for each business day, by the members of The London Gold Market Fixing.
The five banks who oversee the so-called London gold fixing -- Barclays Plc, Deutsche Bank AG, Bank of Nova Scotia, HSBC Holdings Plc and Societe Generale SA -- have formed a steering committee that's seeking external firms to advise how the process could be improved, according to the person, who asked not to be identified because the review isn't public.
The ETF, which will provide the returns in yuan, will monitor the performance of the London Gold Fixing Price in US dollars.

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