The Netherlands has begun relocating a portion of its gold reserves from the Federal Reserve Bank of New York to London, a move attributed to growing geopolitical tensions that have unsettled European central banks. The shift comes amid a broader wave of unease among Western nations over the security of assets held in US custody, a concern that intensified after Washington froze Russian reserves following the 2022 invasion of Ukraine. While the exact volume of gold being moved has not been fully disclosed, the decision underscores a quiet but significant rethinking of where sovereign wealth is stored and trusted. The move adds to a growing pattern of central banks around the world diversifying their gold holdings away from traditional Western vaults, raising questions about the long-term role of the US dollar in global reserve management.
Netherlands Moves Gold From New York to London, Citing Geopolitical Unrest WSJ
