Birdwatch Note Rating
2025-02-18 15:21:42 UTC - NOT_HELPFUL
Rated by Participant: E5A4DBFD8CC0A105FE691EF00E21D222B893115E95805C2E347C5EACD5B97D09
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