Gold exits US vaults as Europe rethinks reserves
Gold is moving from US vaults to Europe as central banks reevaluate their reserves. The Netherlands has relocated about 86 tonnes of its gold reserves from the US to London, while France shifted 129 tonnes from New York to Europe, citing purity standards. India, on the other hand, is increasing its domestic gold holdings, with 77% now within the country.
These moves reflect a larger trend of central banks reviewing their gold storage options amid geopolitical unrest and increasing demand for the precious metal. London has become the largest overseas location for Dutch gold, while India's domestic holdings have surged by approximately 168 tonnes in the past year.
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