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🇷🇸 Serbia /Economy & Trade

Dutch central bank moves gold from New York amid geopolitical turmoil

From N1 Serbia · () Serbian

Translated from Serbian and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Outcome reported
  • The Dutch central bank moved more than 78 tonnes of gold from New York to London to improve crisis readiness and distribute reserves across jurisdictions.
  • DNB said London offers easier access to gold trading and faster availability in a crisis, while Governor Olaf Sleijpen said the move would strengthen resilience.
  • The transfer occurred as gold prices rose 25% over 12 months and central banks increased their holdings of the precious metal.

The Dutch central bank has moved more than 78 tonnes of gold from New York to London, describing the transfer as a response to “rising geopolitical turmoil” and part of an effort to improve crisis readiness.

De Nederlandsche Bank said spreading its reserves across jurisdictions would make them more resilient. Gold held at the Bank of England meets modern international trading standards and can be traded more easily than bullion stored on another continent. In a crisis, the London-held reserves would also be available more quickly, the bank said.

rising geopolitical turmoil

· De Nederlandsche BankThe central bank cited this as the reason for moving gold from New York to London.

Governor Olaf Sleijpen said the transfer had improved the tradability of the Netherlands’ gold reserves. “We expect that we will never have to use it, but we must increase our resilience and preparedness,” he said.

The Netherlands holds 612 tonnes of gold. Alongside the transfer from New York, it moved seven tonnes from Ottawa. Only 27 tonnes physically traveled from the United States and Canada to Europe. The Netherlands sold the rest in North America and bought new bars in London. France used a similar approach when it moved all its gold from New York between July 2025 and January 2026, reportedly making a profit of 11 billion euros.

We expect that we will never have to use it, but we must increase our resilience and preparedness

· Olaf SleijpenThe Dutch central bank governor explained the purpose of the transfer.

The Dutch decision came as gold prices reached historic highs and central banks showed broader interest in the metal. Gold rose 25% over the previous 12 months to about $4,364 per troy ounce. London remains the world’s largest precious-metals trading center, with more than $900 billion in gold transactions each week.

Germany’s Bundesbank moved 674 tonnes from Paris and New York to Frankfurt after deciding in 2013 to hold half its reserves at home. About one-third of Germany’s gold remains in New York. Bundesbank President Joachim Nagel has rejected calls for further repatriation, saying he has no doubts about the security of gold held at the Federal Reserve Bank of New York.

The United States would harm itself most if it in any way called the legal status of the gold into question and thereby undermined the confidence of financial markets

· Joachim NagelThe Bundesbank president defended keeping German gold safely stored in the United States.
About this summary

Originally published by N1 Serbia in Serbian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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