Gold Fixing Price 3:00 P.M. (London time) in London Bullion Market, based in U.S. Dollars (GOLDPMGBD228NLBM)
2013-12-20: 1,195.250 U.S. Dollars per Troy Once
Daily, Not Seasonally Adjusted, Updated: 2013-12-20 9:31 AM CST
|Source:|| London Bullion Market Association
|Release:||Gold Fixings - Daily Prices|
The Fixings are an open process at which market participants can transact business on the basis of a single quoted price. Orders can be changed throughout the proceedings as the price is moved higher and lower until such time as buyers' and sellers' orders are satisfied and the price is said to be 'fixed'. Orders executed at the fixings are conducted as principal-to-principal transactions between the client and the dealer through whom the order is placed.