gold fix

Today’s AM LBMA Gold Price was $1,206.75, €1,085.33 and £777.57 per ounce.
Yesterday’s AM LBMA Gold Price was $1,219.65, €1,090.24 and £785.31 per ounce.

China is testing a system with a yuan gold fix at the SGEX, bringing the Shanghai Exchange one step closer to being the world's major gold hub.

Today’s AM LBMA Gold Price was $1,191.25, €1,063.41 and GBP 785.22 per ounce.
Yesterday’s AM LBMA Gold Price was $1,187.40, €1,070.94 and £785.59 per ounce.

The gold fixing company said July 16 that the LBMA will help with a request-for-proposals exercise and that it’s seeking an independent chairman for the price-setting ritual that takes place twice a day by phone.
The state of both the gold and silver fix in London are on the table to be debated. Are they obsolete?
The CFTC is anxious about the London gold fix. But what is the fix, and why...?