Dutch Central Bank Repatriates 78 Tons of Gold From New York Amid Geopolitical Tensions

The Dutch central bank (DNB) moved about 78 metric tons of its gold out of the Federal Reserve Bank of New York as part of an 86-ton realignment across the US and Canada, largely reallocating to London to diversify reserves and bolster crisis readiness amid rising geopolitical unrest. Most activity was not physically crossing the Atlantic, with a shift to European storage and a London-based replacement for North American holdings. France had previously repatriated gold to Paris, and Germany-based lawmakers have debated the prudence of keeping reserves in New York. The New York Fed acts as custodian for foreign central banks, and officials stress there is no plan to seize assets; the goal is to reduce risk and improve liquidity in a crisis.