European nations move gold from New York
European countries such as the Netherlands and Germany are moving to relocate their gold reserves from the United States to other financial centers, aiming to diversify the geographic locations of their gold holdings, enhance liquidity, and protect against geopolitical disruptions and trade policies. This year, the Netherlands transferred 86 tons of its gold, increasing the proportion stored in London from 18% to 32%, while Germany began transferring 300 tons to Frankfurt. These moves are part of a strategy to reduce dependence on New York, amid growing doubts about the stability of the American reserve. It is expected that other countries, like Italy and the United States, will follow with similar measures. The goal of this trend is to safeguard assets from political and economic risks, with central banks continuing to favor gold as a long-term hedge.
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