Birdwatch Note Rating
2025-02-17 18:50:17 UTC - NOT_HELPFUL
Rated by Participant: C54966F02D8EBE6E1E52B646D8C7AA2C9D0662B1616DE3A584C26FF75A4DDB9A
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