DNB, the Norwegian central bank, has announced a preference for London over New York as a hub for its bullion operations, citing the city’s superior “tradeability” of gold and silver. The decision reflects London’s long‑standing dominance in the global precious‑metal market, where high liquidity, a deep network of dealers, and a robust regulatory framework make it easier to buy, sell, and store bullion. By shifting its focus to London, DNB aims to streamline its gold‑storage strategy and reduce transaction costs, while also positioning itself to better manage market volatility and meet the evolving needs of institutional investors. The move underscores the continued importance of London as a financial center for physical commodities, even as digital and alternative trading platforms gain traction.
DNB prefers London over the US city, pointing to better ‘tradeability’ of bullion
