78FINANCE
⚡ Markets: A major European central bank physically moving gold reserves away from the US due to geopolitical risk underscores gold's role as a safe-haven asset independent of counterparty risk. This is structurally bullish for gold.XAUUSDEUR
De Nederlandsche Bank (DNB) has transferred 86 tonnes of its gold reserves from vaults in New York and Ottawa to London. The Dutch central bank explicitly stated the move was prompted by 'increasing geopolitical unrest' and a desire to have the assets in a location where they can be more easily traded in a crisis.
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