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The London Gold Fix was a method to fix the price of gold per troy ounce in US dollars. It was replaced in 2015 by The London Bullion Market Association, or LBMA, Gold Price.
The London gold 'fix' hasn't changed much in the past 95 years. Since 1919, traders from five banks have set the fix. Back then, they met in an office in the City of London once a day. Now, they ...
The quartet of banks that set the daily London gold fix have begun a search for someone to take over the 95-year-old benchmark.
After long contemplation of the viability of yuan-priced gold, China launched the new gold fix on Tuesday, April 19, 2016. The Shanghai Gold Exchange listed the benchmark (or the “fix”). It ...
The establishment of a China-based gold fix for the yuan also marginally undermines the dollar as the global benchmark currency, says Jan Dehn, an economist with the Ashmore Group in London, a $70 ...
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