Fixation refers to the process of setting the present or future price of a commodity based on market analyses and assessments of supply and demand.
London Gold Fixing, also known simply as Gold Fixing, is a procedure by which the price of gold is determined in the London bullion market. It takes place twice daily and is a crucial process for the international gold market.
A parity price is a price for a commodity or service, pegged to another price or a composite average of prices from a selected prior period. The parity is typically indexed on a scale where 100 represents parity.
