In short, no it doesn’t! We will look at why not, in this article.
by Julian D. W. Phillips, Gold Seek:
The Gold Fix
Despite the furore surrounding the Gold Fix [unfairly, we believe] it is a singularly determined attempt amongst commodities to set a twice daily price that does reflect demand and supply of gold, at those moments. To understand this we have to see what happens at the Fixing sessions.
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