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Fear of seizure helped prompt transfer of Dutch gold out of U.S.

Section: Daily Dispatches

Dutch Central Bank Moves Gold Bars Out of New York Over 'Geopolitical Unrest'

By Olaf Storbeck
Financial Times, London
Wednesday, September 2, 2026

The Dutch central bank has shifted more than 78 tonnes of gold from New York to London in a politically sensitive move, citing "increasing geopolitical unrest." 

The transfer follows calls from European politicians and taxpayer lobbyists to repatriate gold reserves from the U.S., warning that an unreliable American government under President Donald Trump may otherwise seize them amid growing transatlantic tensions.

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The Dutch central bank, known as the DNB, said the goal of the move was to strengthen its "crisis preparedness" by distributing its gold more evenly across jurisdictions.

"With this relocation, we have improved the tradeability of our gold reserves," Dutch central bank governor Olaf Sleijpen said in a statement. London is the largest trading hub for physical bullion, transacting more than $900 billion in gold each week.

The move follows a similar decision by France, which removed all of its gold from the New York Federal Reserve between July 2025 and January 2026. ...

... For the remainder of the report:

https://www.ft.com/content/1749e753-9c90-4ff5-91ec-8df764f3b26d

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