Gold fix


 

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Gold fix

The setting of the price of gold by dealers (especially in a twice-daily London meeting at the Bank of England). The fix is the fundamental worldwide price for deriving the prices of gold bullion and other gold-related contracts and products.



Similar Matches

Gold standard

Gold standard

A monetary system in which both the value of a unit of the currency and the quantity of it in circulation are specified in terms of gold. If two currencies are both on the gold standard, then the exchange rate between them is approximately determined by their two prices in terms of gold.


Gold card

Gold card

A plastic payment card which normally allows the holder higher spending limits over the standard card. Also loan facilities are sometimes available. People holding such a card are often required to be earning a minimum salary level. Gold cards are usually either charge cards or credit cards.


Gold standard

Gold standard

An international monetary system in which currencies are defined in terms of their gold content, and payment imbalances between countries are settled in gold. It was in effect from about 1870 to 1914.


Golden handcuffs

Golden handcuffs

A contract that binds a broker to a brokerage firm by offering the broker commissions and bonuses, but penalizes the broker if he or she goes to work for another firm.


Golden handshake

Golden handshake

A large payment to a senior employee who is forced into retirement or fired as a result of a takeover or simular development.


Further Suggestions

Gold coins
Goldilocks economy
Golden parachute
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Gold bars
Gold bullion
golden cross
Gold certificate
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Gold exchange standard
Gold fixing
Goldbug


 
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