What is Gold Fix?
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. Read more for examples and further explanation including related video clips and also comments
Example 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.
[tubepress mode=’tag’, tagValue=’Gold Fix invest’]