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What Is the London Gold Price Fix (London Gold Fixing)

Question 316

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What is the London Gold Price Fix (London Gold Fixing) ?


A) the gold price fixed twice a day to balance supply and demand in the London bullion market
B) the gold price fixed at the end of the day in the London bullion market
C) the gold price fixed at 11:00 am. local time in the London bullion market from a panel of gold traders
D) the gold price fixed at 11:00 a.m. to settle gold contracts in the London bullion market

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