DislikedI will be more than happy to help you on this with an expert advise. But before that just let me know what is a (bloody) Fix?
ps - What I understand is that London Gold Pool sets the opening prices for one ounce of spot gold just like bookmakers set the opening rates and then let demand and supply forces take it where they want to take it. This is normally done to protect interest of association member dealers from price arbitrage. Somewhat similar to Daily Pivot. In old days the days's commodity opening rates were calculated by adding Opening+Closing+Closing+High+Low...Ignored
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