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Dutch Central Bank Moves Gold Reserves to UK

De Nederlandsche Bank moved 86 tonnes of gold reserves from the US and Canada to London, citing increasing geopolitical unrest. The bank said reserves held in London could be traded more easily and would allow faster response in a crisis. The Netherlands is the second European nation this year to announce reduced US gold holdings.

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The Netherlands moved some 90 tons of gold out of the Federal Reserve Bank in New York, the second European nation this year to announce it had decreased or eliminated U.S. gold holdings.

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NYT

Dutch Central Bank Cuts Gold Reserves in U.S., Citing ‘Geopolitical Unrest’

The Netherlands moved some 90 tons of gold out of the Federal Reserve Bank in New York, the second European nation this year to announce it had decreased or eliminated U.S. gold holdings.

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Guardian

Dutch central bank moves 86 tonnes of gold to UK from US and Canada, citing ‘geopolitical unrest’

Bank says gold reserves held in London could be traded more easily and the move will allow it to respond more rapidly in a ‘crisis situation’ The Dutch central bank says it has moved 86 tonnes of its gold reserves out of the US and Canada to London, citing “increasing geopolitical unrest”. De Nederlandsche Bank (DNB) said gold reserves held in London could be traded more easily than those held in New York and Ottawa…

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