Birdwatch Note Rating
2025-02-18 00:28:15 UTC - NOT_HELPFUL
Rated by Participant: C0A267E6A544E350D89BA3154190CA6E925D98275CFD1DAE6E0CE6797A02DFC4
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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