Tag Archives: london gold fix

10 Major Banks Under Investigation for Rigging Gold Prices

The Wall Street Journal has reported that the Department of Justice and the Commodity Futures Trading Commission are currently investigating at least 10 major banks for their role in the rigging of precious metals prices. Department of Justice Prosecutors are … Continue reading

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New Administrator of London Gold Fix Announced

The 95-year old London Gold Fix has finally found a new administrator. ICE Benchmark Association will conduct the daily pricing auctions starting early next year, the London Bullion Market Association announced today. The “gold fix” has been in place since … Continue reading

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London Gold Fix to Get Makeover

For nearly a century, the price of gold has been determined by what has been called the “London Gold Fix”, essentially, a secure telephone call twice a day (as markets open in London and NYC) between four of the world’s … Continue reading

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