a morning "gold fix"

Discussion in 'English Only' started by Roxana19, Sep 9, 2009.

  1. Roxana19

    Roxana19 Member

    Argentina
    Español - Argentina
    Hi, I'm havind problems with the meaning of "morning" in the next sentence:
    There was still an open gold market, 80% of which was traded through London, which issued a morning "gold fix", which was the price of gold in the open market.
    Can anyone help me, please?
    Thanks!
     
  2. MichaelW Senior Member

    English (British)
    An official market price for gold was (and is) issued every morning (10:30 London time nowadays) - and also every afternoon (15:00 London time).

    So the morning fix distinguishes it from the afternoon fix.
     
  3. Roxana19

    Roxana19 Member

    Argentina
    Español - Argentina
    Thank you very much!
     

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