Commodities Definitions

London Price Fix

Posted By: TradersLog

The London Price Fix is the international benchmark price for gold, also known as the Gold Fix. Prices are set twice a day by the five members of the London gold pool. The price is quoted in US Dollars and the weight is measured in troy ounces. This price is a summary of supply and demand in the various global markets for gold.

See also: Trading Gold Futures

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Categories Commodities Definitions, Definitions | Tags: Commodities

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Commodities Definitions

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