Another European country transfers gold out of US

The Dutch central bank announced having moved 86 tons of bullion, primarily from New York but also from Canada The central bank of the Netherlands has become the latest country to move gold holdings out of the United States, announcing on Wednesday that it had transferred 86 tons of bullion to London. The bank described the move as “crisis preparedness” during a time of “increasing geopolitical unrest.”The transfer was carried out between March and August. The bulk of the gold was moved from New York, with the rest coming from Canada. Only about 27 tons were physically transported across the Atlantic, while the remainder was accomplished through sales in the Americas and repurchases in London. Prior to the transfer, the Dutch central bank (DNB) had held 313 tons in North America.“With this relocation, we have improved the tradability of our gold reserves,” according to a written statement by DNB Governor Olaf Sleijpen. “We expect that we will never need to use them, but we do need to strengthen our resilience and preparedness.”The DNB’s move comes after France’s central bank sold its remaining 129 tons of gold held at Federal Reserve vaults in New York between July 2025 and January...