Birdwatch Note Rating
2025-02-17 20:21:01 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 3AA381E899CF34508C5EB82E322BC7F1F5520E0EB31D43A0501F0F840C50B62C
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