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

De Nederlandsche Bank has shifted 86 tonnes of its gold reserves from the United States and Canada to London, citing rising geopolitical tensions that could affect access to the metals. By relocating the bullion to the UK, the Dutch central bank argues it will be able to trade the gold more readily than in New York or Ottawa, giving it greater flexibility in a crisis. The move underscores the growing concern among sovereign wealth holders that global instability could disrupt traditional gold markets, prompting a strategic rebalancing of reserves.

Bank says gold reserves held in London could be traded more easily and the move will allow it to respond more rapidly in a ‘crisis situation’The Dutch central bank says it has moved 86 tonnes of its gold reserves out of the US and Canada to London, citing “increasing geopolitical unrest”.De Nederlandsche Bank (DNB) said gold reserves held in London could be traded more easily than those held in New York and Ottawa. Continue reading...