Gold Fix

What Does Gold Fix Mean?
The twice-daily act of setting gold prices by the five members of the London gold pool. 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 pool 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

Bullion
Fool's Gold
Gold Fund
Gold Standard
London Spot Fix
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