MORNING SESSION
AM Fix: 10:30
London Time
Understanding the London Gold Fix
The London Gold Fix is a globally recognized benchmark price for gold, set twice daily through an auction process administered by the London Bullion Market Association (LBMA).
AFTERNOON SESSION
PM Fix: 15:00
London Time
Benchmark Mechanism
The fix represents a single benchmark price at which global supply and demand are balanced during the auction process. It is widely used across the gold market for pricing, hedging, and settlement mechanisms that require a definitive reference point.
Price Certainty
Unlike continuous spot trading which fluctuates second by second, the London Gold Fix provides price certainty at a specific point in time. This stability is crucial for large-volume transactions and inventory valuation.
Designed for Professional Gold Market Participants
Gold Fix execution at GCC Brokers is designed for corporate and professional clients with exposure to gold pricing, who require benchmark-based execution rather than continuous spot market trading.
Hedging
Hedging physical gold exposure efficiently using the daily benchmark.
Pricing
Pricing transactions accurately against a recognized global benchmark.
Risk Management
Managing gold price risk at a specific fixing time each day.
Real Gold Fix Execution — Not Synthetic Fixing
Common Market Practice
Many market participants refer to "AM/PM fixing" without executing at the official benchmark price. In such cases, pricing may not reflect true London Gold Fix exposure.
Real Fix Execution
GCC Brokers provides access to real Gold Fix execution, aligned with the official London Gold Fix benchmark.
Genuine Benchmark Pricing
Orders are executed at the published fixing price, ensuring clients receive genuine benchmark-based execution.
How the Fixing Process Works
Gold Fix execution follows a clear and structured process aligned with the London Gold Fix.
1
Order Submission
Clients submit their Gold Fix orders through the agreed communication channel.
2
Client Cut-Off Time
Orders must be received 45 minutes before the AM or PM fix.
AM Fix: Orders by 09:45 London time
PM Fix: Orders by 14:15 London time
3
Fix Execution
Orders are executed at the official London Gold Fix price.
4
Trade Allocation
Executed trades are reflected in client accounts with full transparency and documentation.
After the Fix: Position Management
Once Gold Fix orders are executed, positions are opened on client accounts at the official London Gold Fix price.
After execution:
Positions remain open at the fix price
Gold prices then move in line with the live spot market
Clients may manage, hold, or close positions freely, in the same way as any other gold position on their trading account
This structure allows clients to lock in the benchmark price at the fix, while retaining full flexibility to manage exposure as market conditions evolve.
Clear and Transparent Pricing
Pricing:
$
GCC Brokers Gold Fix execution commission:
Buy orders: $0.30
Sell orders: $0.20
All pricing is communicated in advance. There are no hidden fees, adjustments, or post-fix re-pricing.
Aligned with Real Market Mechanics
Gold Fix Execution
Gold Fix orders are executed strictly at the official London Gold Fix benchmark price.
Market Movement
After execution, price movements reflect normal spot market behavior, with no restrictions on position management.
Full Transparency
This ensures full transparency and alignment with real market mechanics.