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gold fix is being manipulated, economists and academics have said the way the benchmark is set is outdated, vulnerable to abuse, and lacking in any direct regulatory oversight.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 It badge.
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.
25 if (i) the Company's proven, probable or drill indicated reserves for its Table Mountain property increases to 250,000 ounces of gold or (ii) the London AM
Gold Fix Price is set above U.
