Dutch shift 86 tonnes of gold from US and Canada to UK over ‘geopolitical unrest’

The Dutch central bank said Wednesday it had moved 86 tonnes of its gold reserves out of the US and Canada to London, citing “increasing geopolitical unrest.” The DNB bank said gold reserves held in London could be traded more easily than those held in New York and Ottawa. “This makes it the quickest for DNB to deploy

The DNB bank said gold reserves held in London could be traded more easily than those held in New York and Ottawa.

The transfer was carried out partially by buying and selling and partly by physically transferring gold, the Dutch national bank said.