Dutch central bank moves gold bars out of U.S. and Canada, citing ‘crisis preparedness’
AI Summary
The Dutch central bank (DNB) has relocated gold bars from the U.S. and Canada to the Bank of England to improve crisis preparedness. This move allows quicker deployment of gold reserves if a severe financial crisis occurs.
DNB said gold stored with the Bank of England is more readily tradable, allowing it to be deployed more quickly in a severe crisis.
Politics Markets Deals Commodities Dutch central bank gold reserves Bank of England crisis preparedness gold bar relocation financial markets