gold fix

gold fix definition - business

gold fix

The setting of the price of gold by dealers so as to establish values for gold bullion, gold products, and gold-related products. The price of gold is fixed twice a day in each of the world's gold centers. See also fix.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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