Birdwatch Note Rating
2025-02-18 05:40:46 UTC - HELPFUL
Rated by Participant: 91220653244D068C595B581B88FA26C3AD2B749616D2E7C1C48F270617039A48
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
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