London Fix Price
When Supply Equals Demand
The London fix price for gold or silver is the result of bringing precious metals pricing into equilibrium. This process is called silver or gold fixing. I’ll discuss this more in a moment. I need to present a little background information first.
Gold, platinum and palladium prices are fixed twice per day. The silver price is fixed only once per day.
Since this website’s theme is gold and silver, this discussion is limited to fixing silver and gold bullion prices.
London is ground zero for wholesale physical silver and gold bullion transactions worldwide. Gold and silver derivatives (forwards and options) are also traded via “Loco London.”
Loco London refers to London-based bullion bank accounts that are used in a high percentage of daily wholesale silver and gold bullion transactions.