The Fix is the name given to the twice daily meetings of representatives of the London Gold Market to determine the price of Gold. As in all commodities, the price of Precious Metals is constantly changing. To provide a basis for trading the price of Gold is "fixed" twice a day (once for silver).
Representatives of the London Gold Market supply details of the turnover of each members dealing room and using this information the price of Gold is adjusted to balance supply with demand. |
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