Bank of England holds 70+ countries' gold reserves; only 6% UK-owned

The Bank of England serves as the second-largest gold custodian globally, holding reserves for over 70 countries, with only 6% of its vaulted gold belonging to the UK. This concentration of foreign gold storage highlights London's central role in the global gold market and potential vulnerabilities in custody arrangements. The article explains the bank's unique position, but does not signal any immediate market shift.