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Commodities Briefing - Categorized | Bullion/Gold, Trading more

Don’t waste time fixing gold fix, it’s obsolete

Posted on 08 July 2014

With 24-hour electronic trading, the 100-year-old gold fix has become an anachronism. Does the system of fixing the daily price of gold in London really need fixing, or should it be allowed to fade into the annals of history?
Traders and market participants will gather today in London to debate the question which has hung over the City’s precious metals market ever since it emerged earlier this year that major abuses of the 100-year-old process known as the “London gold fix” had taken place……………………………………..Full Article: Source


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