gold fix investment & finance definition
The setting of the price of gold by dealers so as to establish values for gold bullion, gold products, and gold-related products. The price of gold is fixed twice a day in each of the world's gold centers.
Gold fix
The setting of the price of gold by dealers. The primary gold fix is made twice each day by dealers meeting at the central bank in London.
Gold Fix
The setting of the price of gold by dealers (especially in a twice-daily London meeting at the central bank); the fix is the fundamental worldwide price for setting price of gold boullion and gold-related contracts and products.
Gold Fixing (Gold Fix)
The setting of the gold price at 10:30 AM (first fixing) and 3:00 PM (second fixing) in London by representatives of the London Gold Market.
[MORE] ...
Gold fixing
The process of determining the price of gold based on supply and demand forces of the market; which occurs twice daily in London.
Gold mutual fund
A mutual fund that primarily invests in gold-mining companies' stock.
gold fixing The twice-daily setting of the price of gold by specialists in London, Paris,... Gold Pool Representatives of seven countries who tried unsuccessfully to stabilize the...
Today, the price of gold is set by the Gold Fixing. Also known as the Gold Fix or London Gold Fixing, this is a meeting of five members of the London Gold Pool that is conducted twice a day by telephone, at 10:30 GMT and 15:00 GMT.
" The theory of the pool was that spikes in the free market price of gold, set by the "morning gold fix" in London, could be controlled by having a pool of gold to sell on the open market, which would then be recovered when the price of gold dropped.
Fix, Fixing: See Gold Fixing.
Fixed Income Security: A security whose nominal (or current dollar) yield is fixed or determined with certainty at the time of purchase, typically a debt security.
Fixation
The process of setting a price of a commodity, whether in the present or the future. See: Gold fixing.
And so now China's financiers are entering the Gold ETF markets. An article this week reports that trading in a new Yuan based Gold ETF will begin February 14 trading. This ETF, offered by the Hang Seng Bank, will track the London gold fixing price ...
 See also: Contract, Market, Investment, Order, Option
  
|
RSS
