Birdwatch Note Rating
2025-02-17 19:57:45 UTC - HELPFUL
Rated by Participant: D2ACD4B9E7DCC1F2EF9E3229D6235810011DEBA7AFAF6ADDD6B7FA24A0DC4A7E
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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