Netherlands and France Shift Gold Reserves from New York to Europe
The Netherlands and France moved the bulk of their gold reserves from New York to European vaults, saying the shift was driven by concerns over potential U. S. policy changes, according to The Bulwark. Fortune reported that the transfer, which shifted the majority of the Netherlands' 612-ton reserve, was viewed as a signal about confidence in U. S.
Treasury markets. CNN reported that De Nederlandsche Bank transferred about 86 metric tons of gold from its New York and Ottawa vaults to London and a domestic vault, citing improved tradability and crisis preparedness. KITCO noted that the relocation raised the share of the bank's reserves held in the United Kingdom to roughly one-third to boost liquidity. The Guardian added that the move was motivated by geopolitical risks.
