The central bank of the Netherlands, the DNB, announced that it transferred 86 tonnes of its gold reserves from the United States and Canada to London. This decision was made citing reasons of "growing geopolitical instability" as justification for the redistribution of reserves.
The DNB stated that gold reserves held in London can be traded more easily than those kept in New York and Ottawa. The measure aims to guarantee faster access to gold in case of crisis.
London comes out strengthened by offering the most liquid market and greater ease of mobilization for gold reserves. This transfer is part of a geopolitical precaution strategy on the part of the Dutch central bank.
