Why are European countries moving their gold out of North America?

The Netherlands has quietly moved 86 tonnes of gold bullion from the Bank of England in London back to its own vault in Amsterdam, a move that has drawn attention to a growing trend among European nations seeking to repatriate their gold reserves. The relocation, carried out over a period of weeks, signals a shift in how countries are thinking about sovereign wealth and financial sovereignty in an era of geopolitical uncertainty. While the Dutch central bank framed the move as a routine logistical decision, it follows similar actions by Poland and other EU members, raising questions about whether a broader movement is underway to reduce reliance on foreign custodians for national gold holdings.

The Netherlands has relocated 86 tonnes of the shiny stuff - what's going on?