{
  "id": 6713265,
  "title": "Why are European banks moving their gold out of the US?",
  "url": "https://urgent.news/2026/09/11/why-are-european-banks-moving-their-gold-out-of-the-us",
  "topic": "world",
  "section": "World",
  "published": "2026-09-11T05:17:00.000Z",
  "source": {
    "name": "DW News",
    "slug": "dw-news",
    "url": "https://www.dw.com/en/why-are-european-banks-moving-their-gold-out-of-the-us/a-79213013?maca=en-rss-en-all-1573-rdf"
  },
  "original_language": "en",
  "account": "Fort Knox, the fortified complex in Kentucky, stores around half of the US government's gold reserves. However, European countries are moving their gold out of the US due to growing concerns over security and access in times of geopolitical uncertainty. The Dutch central bank recently moved 86 tonnes of gold from New York to London, citing geopolitical unrest and the need for improved crisis preparedness. France also removed its gold from New York Federal Reserve between 2025 and 2026, though it denied political motives. German and Italian politicians have called for their countries' gold to be moved out of the US due to concerns over the Trump administration's policies and growing antipathy towards the EU. Analyst Sebastien Tillett notes that while outright seizure of assets is unlikely, there are growing concerns over ease of access in extreme scenarios. The World Gold Council reports that central banks have been buying more gold since the 2008 global financial crisis, with gold prices hitting record highs. The decisions by the Dutch and French to move their gold back to Europe highlight the new focus on where exactly the gold is held for quicker access in future crises.",
  "summary": "The Netherlands and France have moved their gold out of US vaults. Part of the reason is fear over US reliability, but equally important is the need to have their gold closer to home in the event of a crisis.",
  "key_points": [
    "European banks relocating gold from US to Europe amid geopolitical concerns.",
    "Dutch central bank moved 86 tonnes of gold to London in 2025.",
    "French government removed gold from New York Federal Reserve 2025-2026."
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/6713265.png",
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "DW English (Business)",
        "title": "Why are European banks moving their gold out of the US?",
        "url": "https://urgent.news/2026/09/11/why-are-european-banks-moving-their-gold-out-of-the-us",
        "published": "2026-09-11T05:17:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}