One is commonly known as the Loco-London gold market, with process quoted in US dollars per troy ounce of gold of 99.99 per cent fineness and with delivery in London.

其中一个市场通称为本地伦敦金市场，交易以美元按每金衡安士报价， 黄金纯度为99.99%，在伦敦交收。

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The price of gold hit $1058.48 an ounce in the London Bullion Market Thursday local time, which was the highest level in history.

当地时间8日，伦敦黄金交易所金价达到每盎司1058.48美元，创历史新高。

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The London Bullion Market Association recently predicted world gold prices would stay at $652.38 per ounce this year, up from less than $310 in 2006.

伦敦黄金市场协会最近预测，今年黄金价格会停留在每盎司652.38美元，而2006年的平均价格则略低于310美元。

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The twice-daily London gold fixings are when the price of spot gold is determined, in London, by the five members of The London Gold Market Fixing Ltd.

FORBES: P.M. Kitco Metals Roundup: Gold Ends Near Steady as Another Big Drop in Oil Limits Buying Interest in Metals

Gold and silver traders and investors were digesting news Wednesday that the U.S. Commodity Futures Trading Commission is looking into whether major banks are manipulating London gold and silver market prices via the London gold and silver morning and afternoon fixes.

FORBES: P.M. Kitco Metals Roundup: Comex Gold Ends Weaker in Choppy Trading; Stronger U.S. Dollar Bearish

The London Bullion Market Association sets the gold fix twice a day and the silver fix once a day.

FORBES: FOCUS: News Of Possible Probe Of London Fixings Raises Eyebrows In Gold Market