Dutch central bank shifts gold reserves from New York to London amid geopolitical tensions
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.