Dutch Central Bank Shifts Gold from US to UK Amid Geopolitical Unrest

The Dutch central bank has relocated 86 tonnes of gold from New York to the Bank of England due to 'geopolitical unrest'. This move is part of its efforts to strengthen its crisis preparedness and improve the tradability of its gold reserves.

According to De Nederlandsche Bank (DNB), this relocation will make it easier to trade and spread risks, as well as have the precious metal more readily available in case of a crisis. The bank held 612.4 tonnes of gold by the end of 2025, worth €72.2bn (£61.9bn).

This move comes after a previous episode where Donald Trump's potential tariff on gold triggered a scramble to move it out of the US. Bullion has historically been exempt from tariffs due to its important role in the financial system.