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Century Financial Consultancy LLC ("Century") does not offer investment advisory or portfolio management services nor guarantees investment returns. We do not accept or make payments in cryptocurrency or digital currency. Our official website is www.century.ae. Beware of fraudulent companies or websites posing as Century. We are not responsible for any losses from using fake websites or entities. Trading in financial markets involves a significant risk of loss which can exceed deposits and may not be suitable for all investors. Before you start, please ensure you fully understand the risks involved.
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Gold AM/PM Fixing

The Gold AM/PM Fixing is a benchmark pricing mechanism used in the London gold market to set the daily price of gold. It takes place twice a day, in the morning (AM Fix) and afternoon (PM Fix), providing a reference point for the value of gold that is widely used in the global precious metals industry.

Here's how the process works:

Morning Fix (AM Fix): This occurs at 2.30 p.m. (UAE time). Representatives from five major bullion banks (currently Barclays, HSBC, Société Générale, Bank of Nova Scotia, and JP Morgan) participate and discuss current market conditions, including supply and demand factors, geopolitical events, and other relevant information. Based on this discussion, they collectively decide on the opening price for gold for the day.

Afternoon Fix (PM Fix): This takes place at 7.00 p.m. (UAE time). It involves the same process as the morning fix, with the same five banks participating. They consider updated information and decide on the closing price for gold.

The bullion banks will trade at the London Gold Fix on their behalf and for their customers who have placed limited orders. Before its announcement, the Gold Fix price is unknown. The Gold Fix is the price at which all participating banks' gross gold buy and sell orders match.

Trading Process for Gold AM/PM Fixing:

Client Order Placement

Clients interested in placing orders in AM/PM Fix prices can do so by reaching out to our Dealing Room - 043562888.

Order Timings

(Winter Timings)

AM Fix Time – 14:30 (order placing time - Until 13:30).

PM Fix Time – 19:00 (order placing time - Until 18:00).

No orders received after order placing times will be accepted.

Above mentioned are as per Dubai Standard Time.

Trade Execution

Once the fixed prices are updated, trade will be booked in the client's account. During this time, the client will not be able to access the Trading Platform.

Symbol

The trading symbol for Gold Fixing is 'GOLD.Fix.'

Post-Trade Handling

After the trade is executed, the 'GOLD.Fix' symbol behaves like a regular Gold Cash product. The client can close this transaction through the trading platform whenever he wishes.

Commission Structure

The commission structure for Gold AM/PM Fixing will remain the same as per Gold Cash.

Margins

The margin rate for the GOLD.Fix product is 3%.

If you have additional inquiries or need further information, please don't hesitate to contact the Client Services team, and we will be happy to assist.