Dutch Central Bank Relocates Gold Reserves to London for Quicker Access

The Dutch central bank has relocated part of its gold reserves from North America to London. The move aims to improve crisis preparedness by putting more gold in the world's most liquid market, where it can be traded quickly in times of need.

The Bank of England is one of the largest gold custodians worldwide and holds around 400,000 bars or roughly 5,000 tonnes. Only the Federal Reserve Bank of New York holds more.

The relocation involved selling around 59 tonnes in New York and buying an equivalent amount in London, as well as physically moving over 27 tonnes from North America to the Netherlands. This approach was chosen to minimize transport costs and risks.