The London Fix refers to the setting of gold, silver, platinum and palladium spot prices as determined by a short conference call between members of the London Gold Pool.
The five members, Scotia-Mocatta, Barclays Capital, Deutsche Bank, HSBC and Société Générale belong to the London Bullion Market Association (LBMA) and daily spot fix prices are set British Pounds, U.S. Dollars and Euros.
The gold spot price is set twice daily at twice daily at 10:30 a.m. (the AM Fix) and 3.00 p.m. (the PM Fix). The silver fix takes place at 12.00 GMT each day and Platinum and Palladium prices are fixed twice a day at 9.45 a.m. and 2.00 p.m.
See the latest gold, silver, platinum and palladium spot price at coininvest.com.