Dutch central bank shifts billions in gold to London in ‘crisis preparedness’ move

Amsterdam, Netherlands (AP) — On Wednesday, the Dutch central bank disclosed that it had relocated a substantial amount of its gold reserves from North America to London, citing the need for "crisis preparedness" amid heightened global political tensions. The bank announced the transfer of approximately 86 metric tons (94.8 tons) of gold, which comprised 27 metric tons (30 tons) physically moved to a secure vault near Zeist, the Netherlands, and another 59 metric tons (65 tons) sold in New York and subsequently used to purchase gold in London.

Prior to this move, New York and Ottawa, Canada, held 31.3% and 19.7% of the Dutch gold reserves, respectively. Following the transfer, both cities now hold 18.5% of the total gold reserves. The Dutch bank's gold reserves are valued at 72.2 billion euros (around $83.6 billion) as of the end of 2025. DNB's governor, Olaf Sleijpen, stated that the relocation aims to enhance the tradability of the gold reserves and strengthen the bank's resilience and preparedness for potential crises.