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Profit from the End of This Secret "Fix"
For nearly 100 years the London gold price fix has been widely used as an industry benchmark.
Its goal was to determine a price for gold that bullion dealers, jewelers, miners, and central banks could use to value their metal.
But it's a process that may have allowed for manipulation, something a recent Financial Times article highlighted thanks to new research.
For nearly 100 years the London gold price fix has been widely used as an industry benchmark.
Its goal was to determine a price for gold that bullion dealers, jewelers, miners, and central banks could use to value their metal.
But it's a process that may have allowed for manipulation, something a recent Financial Times article highlighted thanks to new research.