How is the price of gold decided?

The LBMA fixes the gold price twice a day using Gold Futures pricing, Gold Spot Pricing, Supply and Demand, Market Conditions, and Currency Depreciation as indicators. All this data is reviewed by the LBMA, and then London’s five biggest bullion banks establish a common transaction price. This is done twice a day, once at 10:30, and again at 3:00.

 

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