Birdwatch Note Rating
2025-02-17 17:41:35 UTC - HELPFUL
Rated by Participant: D8F4B6DCF5340279DADE7478A1F338B7235C906C690F3308B58387CB23BF9CAE
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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