ACI
3I0-012 · Question #412
What is the London Gold Price Fix (London Gold Fixing)?
The correct answer is A. the gold price fixed twice a day to balance supply and demand in the London bullion market. See the full explanation below for the reasoning.
Question
What is the London Gold Price Fix (London Gold Fixing)?
Options
- Athe gold price fixed twice a day to balance supply and demand in the London bullion market
- Bthe gold price fixed at the end of the day in the London bullion market
- Cthe gold price fixed at 11:00 am. local time in the London bullion market from a panel of gold traders
- Dthe gold price fixed at 11:00 a.m. to settle gold contracts in the London bullion market
How the community answered
(40 responses)- A80% (32)
- B10% (4)
- C8% (3)
- D3% (1)
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