Strengthen crisis preparedness: Netherlands withdraw part of gold reserve from the USA
Many countries have stored gold reserves in the US. Trump's attacks on the US Federal Reserve have raised concerns. The Dutch are now moving part of their gold - and citing reasons.
The Netherlands has transferred a significant portion of its gold reserves from the US and Canada to London, citing increasing geopolitical unrest. The Dutch central bank, DNB, moved around 86 tonnes of gold, approximately a quarter of its North American reserves, to London, where the majority of its gold now lies. This strategic decision aims to diversify risk and strengthen crisis preparedness.
The move comes amid international concerns over gold reserves stored in the US, fueled by US President Donald Trump's criticism of the Federal Reserve. The DNB says its London-held gold meets modern international trading standards and can be easily deployed in a crisis.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
