Birdwatch Note Rating
2025-02-18 11:38:15 UTC - HELPFUL
Rated by Participant: EAF21EEF7F5BE93E1E1DDB977B423C9A67F5D8262CF83DA158ADE83F116DCB8D
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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