a morning "gold fix"

Roxana19

Member
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!
 
  • 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.
     
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