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European central banks repatriate gold from North America amid crisis hedging
El DeberLO·GB · US · CA·1 day ago
The Netherlands has transferred approximately 86 tons of gold reserves from the United States and Canada to London, citing rising geopolitical instability and the need for rapid access in a crisis. This move signals growing sovereign concern over the safety and liquidity of foreign-held reserves, potentially reflecting broader European unease about the reliability of US custodial arrangements. The action is a notable shift in reserve management strategy, though its direct market impact is limited.
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