Birdwatch Note Rating
2025-02-18 19:47:55 UTC - HELPFUL
Rated by Participant: C0D2DC2EF84ED92069EF1D10154628D1F59A32DE0D2D6E803CAF2EB7654A7AC7
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