Birdwatch Note Rating
2025-02-17 17:34:08 UTC - HELPFUL
Rated by Participant: A07DA4DBF76AE844CE55AC1B7014E9C4EFD7E6BBD90C6ECE9521D4052A7ACDFE
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