The Dutch central bank, De Nederlandsche Bank, has announced it is relocating a portion of its gold reserves from the Federal Reserve in New York to the Bank of England in London, a decision it attributes to growing geopolitical unrest. The move is part of a broader trend among European central banks to diversify where they store their gold, reducing reliance on the US financial system amid heightened tensions between Western nations and Russia. The shift to London — a long-standing hub for gold trading and custody — signals a strategic recalibration of reserve management in an era where geopolitical risk has become a central concern for sovereign wealth and monetary policy. The decision also comes as the gold market itself has seen renewed institutional interest, with central bank purchases hitting multi-decade highs in recent years.
Dutch central bank cites 'geopolitical unrest' in moving gold from New York to London (GLD:NYSEARCA) Seeking Alpha
