rki.news | Sources Xinhua
BELGRADE, Sept. 8 (Xinhua) — Several European countries are relocating gold reserves from the United States, highlighting growing concerns over reserve security, geopolitical risks and the future role of the U.S. dollar.
The Netherlands transferred about 86 tons of gold from New York and Ottawa to London between March and August, reducing the share stored in New York from 31.3 percent to 18.5 percent.
France also moved 129 tons from the Federal Reserve Bank of New York between July 2025 and January 2026, while Germany has previously repatriated hundreds of tons from overseas vaults.
Analysts said geopolitical tensions, economic uncertainty and concerns about physical control of national reserves were influencing central bank decisions.
Experts noted that increasing use of the dollar and international payment systems as geopolitical tools has encouraged countries to reassess reserve strategies.
The moves coincide with continued strong central bank demand for gold. The World Gold Council’s 2026 survey found 74 percent of reserve managers expect the dollar’s global reserve share to decline over five years, while 84 percent expect gold’s share to increase.
The findings indicate growing interest in gold as a strategic reserve asset amid changing global financial conditions and geopolitical uncertainty.
European Gold Moves Raise Questions Over U.S. Financial Trust
