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What is the London Gold Fix?
2014-04-20 18:59:14| About Metals
First conducted in 1919, the London gold fix - the internationally accepted process for determining gold prices - has changed very little over the course of nearly a century. Five member banks negotiate, or 'fix', prices twice each weekday via secure phone line. No transcripts of the conversation, prices or volumes are recorded, and no outsiders are allowed to be party to the discussion....Read Full Post
Tags: gold
london
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