Dutch Central Bank Shifts $3 Billion in Gold Reserves to London Vaults

De Nederlandsche Bank (DNB), the central bank of the Netherlands, has moved approximately 86t of gold from New York and Ottawa to London. This transfer, conducted between March and August 2026, has increased London's share of Dutch gold reserves to 32.1%, surpassing domestic holdings of 30.8%. As a result, London is now the largest single storage location for Dutch gold.

The Bank of England remains the most commonly cited vaulting location, used by 57% of respondents, while 49% reported holding at least some gold domestically.