Gold Fix

AAA

DEFINITION of 'Gold Fix'

The twice-daily act of setting gold prices by the five members of The London Gold Market Fixing Ltd. This rate is used as a benchmark for pricing the majority of global gold products and derivatives.

INVESTOPEDIA EXPLAINS 'Gold Fix'

Twice a day, The London Gold Market Fixing Ltd. sets the price of gold based on the basic economic principles of supply and demand. The world then uses these prices to determine the price of bullion and gold-related products.

RELATED TERMS
  1. London Spot Fix

    A price per ounce for each of the precious metals (gold, silver, ...
  2. Fool's Gold

    Also known as iron pyrite, fool's gold is a gold-colored mineral ...
  3. Gold Certificate

    A physical document resembling a paper bank note that entitles ...
  4. Gold Standard

    A monetary system in which a country's government allows its ...
  5. Bullion

    Gold and silver that is officially recognized as being at least ...
  6. Gold Fund

    A mutual fund or exchange-traded fund (ETF) that invests primarily ...
Related Articles
  1. Economics

    What Is Wrong With Gold?

  2. Options & Futures

    Getting Into The Gold Market

  3. Budgeting

    The Gold Standard Revisited

  4. Investing

    Using Technical Analysis In The Gold ...

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center