Dutch central bank moves 86 tonnes of its gold reserves from New York to London, citing 'geopolitical unrest'

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Dutch central bank moves 86 tonnes of its gold reserves from New York to London, citing 'geopolitical unrest'

⚡ Markets: A notable move reflecting a major central bank's concern about geopolitical risk and the security of assets held in the US. Part of a broader trend of gold repatriation, which is supportive for gold prices long-term.GoldXAUUSD

De Nederlandsche Bank has relocated a significant portion of its gold reserves from the US and Canada to the UK. The bank stated the move was prompted by "increasing geopolitical unrest" and would allow it to trade the gold more easily and respond faster in a crisis situation.

West MSM 1West Right 1Financial press 11 country

3 sources across the spectrum

West RightThe Telegraph — Dutch shift gold from US to UK because of ‘geopolitical unrest’

Financial pressFinancial Times — Dutch central bank moves gold bars out of New York over ‘geopolitical unrest’

West MSMThe Guardian — Dutch central bank moves 86 tonnes of gold to UK from US and Canada, citing ‘geopolitical unrest’

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