Birdwatch Note Rating
2025-02-18 05:50:00 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 0DE03C9DAF736ADD9C03362E443AAE01C6D6C534C2CC8ED6FE2791C907DD4B1B
Participant Details
Original Note:
US gold prices are higher than London’s & banks that sold gold futures are now facing losses. Instead of buying back the futures contracts at a loss, they’re shifting physical gold from UK to NY. They can then fulfil their contracts without losing money and even make a profit https://qz.com/banks-gold-plane-new-york-1851762685
All Note Details