Ross Norman Still Believes in the London Gold Fix

Ross Norman, CEO of Sharps Pixley, posted another article on the merits of the London gold fix, which is currently undergoing some scrutiny from gold industry members. However, while Norman believes that “the fix is optimal in deriving a fair price for gold,” he does see the value in making some changes.

Norman states:

Two minor improvements could, however, be incorporated – firstly regulators should be able to reconstruct a specific fix (seeing all order flows), so that if necessary they can hold participants to account, and secondly there should be a separation of responsibility between the managing of the fix from participation in it – this is called good governance

Click here to read Ross Norman’s full article.

Tell us what you think should be done with the London gold fix.