{
  "id": 6769797,
  "title": "Why are European banks moving gold out of United States?",
  "url": "https://urgent.news/2026/09/11/why-are-european-banks-moving-gold-out-of-united-states-6769797",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-11T05:17:00.000Z",
  "source": {
    "name": "DW English (Business)",
    "slug": "dw-english-business",
    "url": "https://www.dw.com/en/why-are-european-banks-moving-gold-out-of-united-states/a-79213013?maca=en-rss-en-bus-2091-xml-mrss"
  },
  "original_language": "en",
  "account": "European banks are relocating their gold reserves out of the United States, driven by concerns over geopolitical unrest and the potential accessibility of assets in times of crisis. Fort Knox, a fortress housing a significant portion of the US gold reserves, is often seen as a symbol of security. However, the US' standing as a secure location for storing gold is now being questioned. The Dutch central bank recently moved 86 tonnes (95 US tons) of gold from New York to London, citing geopolitical unrest and a desire to enhance crisis preparedness. France also reduced its gold exposure in the New York Federal Reserve between 2025 and 2026, though the move was not deemed politically motivated by Bank of France Governor François Villeroy de Galhau. German and Italian officials have called for their countries' gold to be taken out of the US, citing the unpredictable policymaking of the Trump administration and growing tensions with the European Union. While the outright seizure of assets by a foreign power remains a remote risk, analysts highlight concerns about the ease of access to assets in an era of geopolitical uncertainty. Central banks have been increasing their gold holdings since the 2008 global financial crisis and are now focusing on where and how they store their gold reserves. The World Gold Council's Krishnan Gopaul notes that gold prices have surged to record highs as central banks accumulate more gold. The decisions by the Dutch and French banks to relocate their gold to Europe reflect a growing emphasis on the strategic location of gold reserves to ensure easy and rapid access in case of a future crisis.",
  "summary": "The Netherlands and France have moved their gold out of US vaults. Part of the reason is fears about the reliability of the US, but equally important is the need to keep gold closer to home in the event of a crisis.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "DW English (Top Stories)",
        "title": "Why are European banks moving gold out of United States?",
        "url": "https://urgent.news/2026/09/11/why-are-european-banks-moving-gold-out-of-united-states",
        "published": "2026-09-11T05:17:00.000Z"
      },
      {
        "outlet": "Buenos Aires Times",
        "title": "United States marks 25th anniversary of 9/11 terrorist attacks",
        "url": "https://urgent.news/2026/09/11/united-states-marks-25th-anniversary-of-9-11-terrorist-attacks",
        "published": "2026-09-11T11:33:23.000Z"
      }
    ]
  },
  "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."
}