gold fix


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Related to gold fix: LMBA

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.

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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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no evidence the gold fix is being manipulated, economists and academics have said the way the benchmark is set is outdated, vulnerable to abuse, and lacking in any direct regulatory oversight.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.