Gold fixing

The London Gold Fixing (or Gold Fix) is the setting of the price of <a href="/facts/Gold/1znknojp">gold</a> that takes place via a dedicated conference line. It was formerly held on the <a href="/facts/New_Court/tXF6Unhy">London premises</a> of <a href="/facts/N_M_Rothschild_%2526_Sons/kF2ShHSB">Nathan Mayer Rothschild & Sons</a> by the members of The London Gold Market Fixing Ltd.
The benchmark is determined twice each <a href="/facts/Business_day/lQ0PqfVK">business day</a> of the <a href="/facts/London_bullion_market/I6rujl8L">London bullion market</a> (the exceptions to this being Christmas Eve and New Year's Eve when there is only one fixing in the morning). It is designed to fix a price for settling contracts between members of the London bullion market, but the gold fixing informally provides a recognized rate that is used as a benchmark for pricing the majority of gold products and derivatives throughout the world's markets. The <a href="/facts/London_Bullion_Market_Association/dyX00jD4"> LBMA</a> gold price is set twice every business day at 10:30AM and 3:00PM, London time, in <a href="/facts/United_States_dollar/naEEDUhC">United States dollars</a> (USD). Prices are available in sixteen other currencies—including <a href="/facts/Pound_sterling/cGgjUJwv">British pounds</a>, <a href="/facts/Canadian_dollar/NMSsTyIE">Canadian dollars</a>, <a href="/facts/Renminbi/513xLnrK">Chinese renminbi</a>, and <a href="/facts/Euro/NWG2nlCx">euros</a>—but they are indicative prices for settlement between LBMA members only.
The current 14 participants in the fixing are the <a href="/facts/Bank_of_China/PfKykcVk">Bank of China</a>, the <a href="/facts/Bank_of_Communications/bUgJkHUz">Bank of Communications</a>, <a href="/facts/Coins_%2527N_Things/sV19C5Tg">Coins 'N Things</a>, the <a href="/facts/Industrial_and_Commercial_Bank_of_China/6uqfLyLT">Industrial and Commercial Bank of China</a>, <a href="/facts/INTL_FCStone/o7yPkUHa">INTL FCStone</a>, <a href="/facts/Jane_Street_Capital/Cgcmf59k">Jane Street Global Trading</a>, <a href="/facts/HSBC_Bank_USA/02LeBIBF">HSBC Bank USA</a>, <a href="/facts/JPMorgan_Chase/bVu3VBTV">JPMorgan Chase</a>, <a href="/facts/Koch_Industries/oKjShMKB">Koch Supply and Trading</a>, <a href="/facts/Marex_Spectron/dBDpwmWL">Marex Financial</a>, <a href="/facts/Morgan_Stanley/7obWgtJF">Morgan Stanley</a>, <a href="/facts/Standard_Chartered/p8WbJJ5a">Standard Chartered</a>, the <a href="/facts/Scotiabank/WA9rjrbc">Bank of Nova Scotia</a>, and the <a href="/facts/Toronto-Dominion_Bank/SW8nRchA">Toronto-Dominion Bank</a>.

Gold fixing open-in-new

Gold fixing