Allies diversify reserves, gold repatriation signals erosion of US safe-haven status

The Netherlands repatriated 86 tons of gold from the US and Canada as a hedge against 'extreme systemic risks,' following France's full withdrawal and Germany's debate. Norway's sovereign wealth fund also announced plans to reduce US exposure. This marks a notable shift in allied trust in US financial infrastructure, potentially eroding the dollar's reserve status and US geopolitical leverage.