Why the Netherlands moved €10 billion in gold out of the United States

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Why the Netherlands moved €10 billion in gold out of the United States
photo: DNB

The Netherlands has shifted part of its gold reserves out of North America and into Europe, in an operation worth more than €10 billion. Officially, the move is about crisis preparedness and making the country's gold easier to trade in an emergency. But why did the relocation happen now, just months after the Dutch central bank said it had no reason to question existing arrangements with the United States? And to what extent did growing geopolitical tensions and concerns about the reliability of the US under President Donald Trump influence the decision?

Exclusive reporting and analysis from The Hague.
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