Birdwatch Note Rating
2025-02-18 05:00:18 UTC - HELPFUL
Rated by Participant: 8E5D54BF1012F45E09CF5BD067CAB75F49AEDC316C0E0F681490685A6A52BC28
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