Q

It is designed to fixation of a price which is used as a benchmark for pricing the majority of products throughout the world's markets. On 12 September 1919 at 11:00am the five principal traders of the day performed the first. The first conducted by telephone until the members started meeting at the Rothschild offices in New Court, St Swithin's Lane. Due to wartime emergencies and government controls, It was suspended between 1939 and 1954. In April 2004 N M Rothschild & Sons announced that it planned to withdraw from trading and Barclays Bank took its place on 7 June 2004 and the chairmanship of the meeting.

The original members were :-

• N M Rothschild & Sons
• Mocatta & Golsdmid
• Pixley & Abell
• Samuel Montagu & Co.
• Sharps Wilkins.

What Am I talking about ?

A-London Gold Fix which fixes the Gold price