Dutch Central Bank Shifts Gold Reserves from North America to London

The Dutch central bank has taken steps to improve its crisis preparedness by relocating part of its gold reserves from North America to London.

The move involved transferring around 86 tonnes of gold from New York and Ottawa, but the bank did not purchase any additional bullion. Instead, it shifted more of its existing holdings closer to the world's most liquid gold market, where they can be traded more quickly in a crisis.

This decision aims to improve the Dutch central bank's ability to respond swiftly and effectively in times of economic turmoil. London's role as a global financial hub makes it an attractive location for storing gold reserves that need to be easily accessible during a crisis.