Gold Fix


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.


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.

  1. London Spot Fix

    A price per ounce for each of the precious metals (gold, silver, ...
  2. Bullion

    Gold and silver that is officially recognized as being at least ...
  3. Gold Certificate

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

    A mutual fund or exchange-traded fund (ETF) that invests primarily ...
  5. Fool's Gold

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

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