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Dutch Central Bank Relocates Gold Reserves to London

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  • GLD

    Gold proxy (GLD)

    402.78

    +1.52%

Indicative and delayed. Some markets use ETF proxies.

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De Nederlandsche Bank has moved a portion of its gold reserves from North America to the United Kingdom. The central bank cited increasing geopolitical unrest as the primary driver for this shift in storage strategy. The gold was previously held in vaults in the United States and Canada. Officials characterized the relocation as a measure for crisis preparedness to ensure better accessibility and distribution of assets. This move follows a broader trend of central banks repatriating or diversifying the physical location of their bullion holdings. Monitor further adjustments to central bank reserve allocations and gold storage policies.

Source: BBC Business

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