Central Banks Rethink Gold Storage Strategies Amid Global Uncertainty

Central banks are changing where they store their gold reserves, but it's not just about bringing bullion home. A World Gold Council report reveals that banks are now seeking a mix of security, crisis access, and market liquidity when choosing locations.

The Netherlands is a prime example, having moved 86 tonnes of gold from North America between March and August. This shift has increased London's share of Dutch reserves from 18.1% to 32.1%, with the city now holding more Dutch gold than the country itself.

In fact, around 59 tonnes were sold in New York and replaced with internationally tradable gold in London. More than 27 tonnes were physically moved from North America to the Netherlands, while a similar amount travelled from the Netherlands to London.