Gold Fixing

Fixation
Fixation refers to the process of setting the present or future price of a commodity based on market analyses and assessments of supply and demand.
Gold Fixing
Gold fixing refers to the daily determination of the price of gold by selected gold specialists and bank officials in London, Paris, and Zurich. The price is fixed at 10:30 A.M. and 3:30 P.M. London time every business day according to prevailing market forces of supply and demand.
London Gold Fixing
London Gold Fixing, also known simply as Gold Fixing, is a procedure by which the price of gold is determined in the London bullion market. It takes place twice daily and is a crucial process for the international gold market.

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