London Gold, Silver, Platinum and Palladium Fixes

The London gold, silver, platinum and palladium fixes are widely followed benchmarks for these precious metals prices.

The term 'fix' is used in a nautical sense, as in fixing on a point, which is the price at which the market is balanced. The 'fix' occurs when buy and sell orders of the fixing brokers are matched to bring the market into balance at a certain price, which becomes the 'fixing' price or 'fix' for short.

The London gold fix is set twice each business day. The London AM fix begins at 10am (5am in New York), and the London PM fix begins at 3pm (10am in New York). The London platinum and palladium fixes are set at 9:45am (4:45am in New York) and 2pm (9am in New York). The London silver fix begins each business day at 12pm (7am in New York).

The London fixes are widely followed to provide daily gold, silver, platinum and palladium price quotes and are reported in major newspapers and at many gold-related websites.

A history of London gold and silver fixing prices can be found on the London Bullion Market Association website. Platinum and palladium fixing prices can be found on the London Platinum and Palladium Market Association website.