gold fix

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gold fix

or gold fixing
n.
The regular setting of the price of gold as a commodity.
References in periodicals archive ?
On April 11, London time, Intercontinental Exchange (ICE) announced in London that ICBC was officially approved to access the gold price mechanism of London Bullion Market Association (LBMA) as a gold fixing pricer.
The LBMA Gold Price will replace the Gold Fixing Price which has been in existence since September 1919.
The regulator cited actions taken on June 28, 2012 when an individual trader "exploited the weaknesses in Barclays' system" to influence the gold fixing prices and profit at a customer's expense.
The five banks who oversee the so-called London gold fixing -- Barclays Plc, Deutsche Bank AG, Bank of Nova Scotia, HSBC Holdings Plc and Societe Generale SA -- have formed a steering committee that's seeking external firms to advise how the process could be improved, according to the person, who asked not to be identified because the review isn't public.
Gold fixing occurs twice a day by teleconferencing with five banks, which are Deutsche Bank, Bank of Nova Scotia-ScotiaMocatta, Barclays Bank (LON: BARC), HSBC Bank (LON:HSBA)USA and Societe Generale (EPA:GLE).
The gold fixing is determined twice a day at 10:30 a.
gold fixing price for an ounce of gold in the London bullion market on each of the 20 trading days ending on January 30, 2006.
BANKING AND CREDIT NEWS-May 27, 2014-Barclays reaches settlement with the FCA regarding Gold Fixing
M2 EQUITYBITES-May 27, 2014-Barclays reaches settlement with the FCA regarding Gold Fixing
03 million for breaches of its rules in relation to certain of Barclays systems and controls relating to the Gold Fixing.