ItalyThe Dutch Central Bank (DNB) has moved 86 tonnes of gold from the United States and Canada to the United Kingdom, aiming to improve liquidity and resilience against geopolitical crises. The relocation, which took place between March and August, involved 86 tonnes out of the 313 tonnes currently held in the U.S. and Canada, valued at €10 billion. According to Bloomberg, 59 tonnes were sold in New York and repurchased in London, while 27 tonnes were physically relocated. The Bank of England is noted as a major hub for physical gold, allowing quicker access. The move follows a trend seen in other European countries like France, Germany, and Italy, where there have been calls to bring gold reserves back under national control. The DNB’s president emphasized the need to strengthen resilience without necessarily using the reserves.
Bias read (Center): The article presents the movement of gold reserves as a strategic financial decision aimed at improving liquidity and crisis preparedness. It provides factual information about the scale, timing, and reasons behind the shift, citing official statements and external reports like Bloomberg and the Tax
