Birdwatch Note Rating
2025-02-18 12:33:39 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 2071B5E3A6E97C512A288F80BCB869EDCEA3C1F438E2F7451DBE2F0E63CC860F
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