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What does the fixed price of RMB gold mean?
The so-called RMB gold fixing price refers to the RMB-denominated gold fixing transaction price.

Fixed price is a quotation method of futures trading, and its corresponding trading method is called "fixed price system".

Different from the continuous quotation transaction we usually see, the transaction is divided into several time periods. In each time period, the quotations of all traders are ranked according to buying and selling, and the trading system takes the price with the largest transaction volume as the transaction price, which is similar to call auction before the opening of our domestic futures trading.