Birdwatch Note Rating
2025-02-17 19:06:53 UTC - HELPFUL
Rated by Participant: B78188A3AEA6F97DFA476E4721F1F6D7506BEB81A7C4E18C7B54FFADB19B7CAA
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