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.
5.45 TRIP THE LIGHT, 6.15
GOLD FIX, 6.50 AKBABEND, 7.20 IRON VELVET, 7.55 TOURNEDOS, 8.25 NEO'S MATE
However, this shouldn't take too much winning and
Gold Fix has hinted at enough talent to seize the opportunity.
The well-supported Maoi Chinn Tire (11-2 into 4-1) came through looking all over the winner, briefly trading at 1.11 in running, but he didn't see out the trip and was collared by the well-backed pair Desert Auction (9-1 into 11-2) and
Gold Fix (25-1 into 18-1).
At the same time, the West Midlands is the UK's 6th highest MARKETWATCH FTSE 100 CLOSED: dn 74.68 at 6505.13 FTSE 250 CLOSED: dn 231.55 at 17267.56
GOLD FIX: 1100.00 ($/oz) SILVER FIX: 947.25 (p/oz) WALL STREET CLOSED: dn 163.39 at 17568.53 TOKYO CLOSED: dn 194.43 at 20350.10 region in terms of manufacturing output.
Recently, ICE was named the administrator of the LBMA
gold fix. It has acquired the Singapore Mercantile Exchange for $150 million in November 2013.
Global Banking News-March 6, 2014--Five international banks in London
gold fix lawsuit
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gold fix is being manipulated, economists and academics have said the way the benchmark is set is outdated, vulnerable to abuse, and lacking in any direct regulatory oversight.
Sterling Index Unchanged at 80.90
Gold fix Down $14.25 at $1454.75.
Statistics: London
Gold Fix $1,763.75 -$3.00 LME Copper Stocks 220,525 tons +225 tons
CATTERICK: 5.45 Trip The Light, 6.15
Gold Fix, 6.50 Akbabend, 7.20 Emerald Girl, 7.55 Obe Gold, 8.25 Neo[sup.3]s Mate.
