Market Status/Status Markets: The London Gold Fixing in the Bretton Woods Era

Rachel Harvey

Chapter 8 in The Global Gold Market and the International Monetary System from the late 19th Century to the Present, 2013, pp 181-198 from Palgrave Macmillan

Abstract: Abstract Five men met this morning for 27 minutes and told the world the price of gold here. They’ve been doing it for years, they said. And it didn’t matter that the world gold market was in a state of flux, rising from the United States peg — $35 an ounce — all the way to $41 an ounce in yesterday’s feverish trading. The five men, impeccably attired in dull gray and black, assembled at Rothschild’s, around an austere table in the financial district.

Keywords: Central Bank; United States Dollar; Gold Price; International Monetary System; Bank Staff (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30671-5_9

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DOI: 10.1057/9781137306715_9

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