London Gold Fix

London Gold Fix
The open fixing of a price for gold which takes place twice a day in London, and is effected by a foundation of five members under the chairmanship of N.M. Rothschilds. Dresdner Kleinwort Wasserstein financial glossary

Financial and business terms. 2012.

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  • London Spot Fix — A price per ounce for each of the precious metals (gold, silver, platinum and palladium) determined daily at 10:30 and 15:00 GMT by a brief conference call among the five members of the London Gold Pool (Scotia Mocatta, Barclays Capital, Deutsche …   Investment dictionary

  • London Silver Fix — A similar process to the gold fix. The silver fix takes place once a day. Dresdner Kleinwort Wasserstein financial glossary …   Financial and business terms

  • 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 …   Investment dictionary

  • Gold peg — is a term for the par value in gold of a particular currency. It is associated with a gold standard or bimetallic standard for a currency. Since the ability to redeem notes for a fixed amount of gold is one of the attractions of a hard currency… …   Wikipedia

  • Gold Fixing — The Gold Fixing (also known as the London Gold Fixing or Gold Fix) is the procedure by which the price of gold is set on the London market by the five members of the London Gold Pool. It is designed to fix a price for settling contracts between… …   Wikipedia

  • London bullion market — The London bullion market, is entirely different from, but often confused with the London Metal Exchange. Only base metals are traded at the London Metal Exchange (LME), while gold and silver are traded by members of the London Bullion Market… …   Wikipedia

  • London Bullion Market — Der London Bullion Market (engl. bullion: ungemünztes Edelmetall) ist der wichtigste außerbörsliche Handelsplatz für Gold und Silber sowie einer der global bedeutenden Rohstoffhandelsplätze in London. Hier wird seit 1919 der Weltmarktpreis für… …   Deutsch Wikipedia

  • fix — ▪ I. fix fix 1 [fɪks] verb [transitive] 1. informal to repair something: • We had to fix some computer problems. • It will cost millions of dollars to fix the system …   Financial and business terms

  • Gold — This article is about the metal. For the color, see Gold (color). For other uses, see Gold (disambiguation). platinum ← gold → mercury …   Wikipedia

  • gold fixing — Finance. 1. the procedure by which the price of gold is established. 2. the price itself, esp. as established daily in the London gold market. Also, gold fix. Also called fixing. * * * …   Universalium

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