Netherlands pulls gold out of the US for fears of 'geopolitical unrest'
The Netherlands has repatriated 86 tonnes of gold bullion from the United States and Canada to the Bank of England. The central bank cited a need to improve crisis preparedness and liquidity amid rising geopolitical instability.
Why it matters
This move reflects growing international caution regarding the security of foreign-held assets and shifting diplomatic relations with the United States.
The Netherlands has moved dozens of tonnes of its gold bullion reserves from the US and Canada. ( AP: Mike Groll )
Link copied Share Share article The central bank of the Netherlands has moved dozens of tonnes of its gold out of the United States and Canada.
The De Nederlandsche Bank (DNB) said in a statement the removal aimed to boost the country's "crisis preparedness" amid "increasing geopolitical unrest".
Experts say that rhetoric appears inherently related to the abrasiveness of the Trump administration towards traditional allies.
The DNB said the movement of gold out of North America was aimed to ensure the Netherlands's reserves were "more readily available for use in a crisis".
Between March and August this year, 86 tonnes of a total 313 tonnes of gold held in the US and Canada were moved to the Bank of England in central London.
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