# Prof. Rosa Abrantes-Metz discusses the London gold fix

1 Faculty News July 18, 2014>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2014-07-16/gold-fix-banks-to-alter-century-old-price-setting-process.html) -- "'It is based on actual trades amongst a select group, rather than being based on trades by all market participants,' [Rosa Abrantes-Metz](http://www.stern.nyu.edu/faculty/bio/Romy), a professor at New York University’s Stern School of Business, said today by phone. 'The benchmark should be based on trades that are occurring for a longer period of time in the day. It should be based on trades that can be collected electronically and by anybody that’s traded during that time period.'"

[Read more](http://www.bloomberg.com/news/2014-07-16/gold-fix-banks-to-alter-century-old-price-setting-process.html)

Additional coverage appeared on [Financial Times](http://www.ft.com/intl/cms/s/0/f01a1806-0cfd-11e4-bf1e-00144feabdc0.html?siteedition=intl#axzz37eMzYAFT).