| London is the centre of the gold world, accounting for about three quarters of the world’s bullion trading. On Friday the twice-daily process used for almost a century to “fix” the price of precious metal goes digital.
What is the gold fix? Started in 1919, the daily meeting to decide on a benchmark price was held at NM Rothschild with five bullion dealers and an agent of the Bank of England. Originally held once a day, companies involved in the early years included Rothschild, Mocatta & Goldsmid, Samuel Montagu, Sharps Pixley and Johnson Matthey Bankers...............................................Full Article: Source
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