Fixing

Many local gold markets 'fix' the price of gold at a certain level, allowing large volumes to be traded at one set price. The world-wide benchmark for this activity is the London Fix.


The London gold fixing held at N. M. Rothschild & Sons at
10.30 a.m. and 3 p.m. It began originally in September 1919
(Credit: courtesy N.M. Rothschild)