European Central Banks Reshuffle Gold Reserves Amid New Uncertainty

For decades, European countries kept part of their gold reserves in US vaults for security, with much of the bullion transferred during and after World War II. Now France has removed its gold from New York, while the Netherlands relocated gold from North America to London, citing geopolitical unrest and crisis readiness. The Dutch move included more than 78 tons from New York and seven tons from Canada. Central banks are weighing secure custody, quick access and liquidity as risks evolve