Birdwatch Note Rating
2025-02-18 07:03:18 UTC - NOT_HELPFUL
Rated by Participant: 8013CFB166814F170A4FEBE63E2D56A0A14EE87B3F0E5C9710D37BFCE910EB20
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