Birdwatch Note Rating
2025-02-17 18:25:15 UTC - NOT_HELPFUL
Rated by Participant: 50AE03578C32B7976853E7D12C9E3002013FF6C7C53D73F24F45998874FFD945
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