08.12.2011 - How gold is ‘fixed' and what drives the real price
In the last couple of weeks, we've noticed the variance of the gold fixing price and the open market price. In the past, the two tended to dovetail giving the appearance of synchronicity. But in the last week, open market prices have tried to take the gold price down only to be pulled up by the price established at the London gold fixing. There is a structural change happening in the market, bringing the relevance of the physical market to a far more important pricing role that it has had before...............................................Full Article: Source
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