Dutch central bank shifts gold reserves from New York to London amid geopolitical tensions
TL;DR Summary
De Nederlandsche Bank relocated just over 78 tonnes of gold from New York and about 7 tonnes from Ottawa to London (and moved 27 tonnes to Europe), saying the diversification boosts crisis preparedness and tradeability amid rising geopolitical tensions; the move follows France’s repatriation and highlights central-bank wariness of storing bullion in the U.S., with gold up around 25% over the past year.
- Dutch central bank moves gold bars out of New York over ‘geopolitical unrest’ Financial Times
- Netherlands moves 86 tonnes of gold from US and Canada to UK, citing 'geopolitical unrest' Euronews.com
- Dutch central bank moves €10 billion in gold out of U.S., Canada, citing "instability" NL Times
- Dutch central bank shifts billions in gold to London in ‘crisis preparedness’ move The Seattle Times
- ‘Crisis prep’: Netherlands pulls billions in gold out of North America FOX 8 News
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