Birdwatch Note Rating
2025-02-17 20:14:51 UTC - NOT_HELPFUL
Rated by Participant: 78210B081E2F191819C7D28362CB24B0BC336898E1922F6D6859945B8FA4BFBE
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