Abstract. Let V be a Euclidean Jordan algebra, and let
$\Omega$ be the corresponding symmetric cone. The geometric mean
$a\#b$ of two elements a and b in
$\Omega$ is defined as a unique solution, which belongs to
$\Omega,$ of the quadratic equation
$P(x)a^{-1}=b,$ where P is the quadratic representation of V. In this paper, we show that for any a in
$\Omega$ the sequence of
$n^{\mathrm{th}}$ iterate
$f_a^n(x)$ of the function
$f_a:\Omega\to \Omega$ defined by
$ f_a(x)={1\over 2}(x+P(a)x^{-1})$ converges to a. As applications, we obtain that the geometric mean
$a\#b$ of
$\Omega$ can be represented as a limit of successive iteration of arithmetic means and harmonic means, and we derive the Löwner-Heinz inequality on the symmetric cone
$\Omega: 0\leq a\leq b {\mathrm{ implies}} a^p\leq b^p{\mathrm{ for}} 0\leq p\leq 1.$ Furthermore, we obtain a formula
${\mathrm exp} (x+y)=\lim_{n\to \infty}({\mathrm exp}{\frac{2}{n}{x}}\#\exp{\frac{2}{n}}y)^n$ which leads a Golden-Thompson type inequality
$||{mathrm exp} (x+y)||\leq ||P({\mathrm exp}{x\over 2}){\mathrm exp} y||$ for the spectral norm on V.
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