What is another word for GOLD FIX?
Pronunciation: [ɡˈə͡ʊld fˈɪks] (IPA) 
Gold Fix, a term associated with the process of determining the price of gold, has several synonyms like the London Gold Fix, Gold Fixing, or Gold Benchmark. Essentially, it refers to the daily meeting held by several banks to set the price of gold based on the supply and demand forces in the market. Although the fixing process has evolved over the years to become more transparent and reliable, it still attracts controversy due to allegations of market manipulation. To counter these criticisms, the World Gold Council introduced a new benchmark price, the LBMA Gold Price, which reflects the real-time market price of gold, making it a more trustworthy alternative to the traditional gold fixing.
