Europe Is Rethinking Where It Keeps Its Gold
4 Articles
4 Articles
The European Central Bank has started moving its gold from US storage to Europe, and France, now followed by the Netherlands, reports on September 3, CNBC. Formally speaking, it is about diversifying storage sites and increasing preparedness for crises. But with Europe's relationship with the United States and after history with frozen Russian reserves, this trend [...] The Post European Central Bank began to move its gold from the United States…
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Europe is rethinking where it keeps its gold
The Netherlands has shifted billions in gold reserves from New York and Ottawa to London amid rising geopolitical uncertainty. Matt Hunt/NurPhoto/Getty Images The Netherlands shifted billions in gold from North America to London, citing geopolitical unrest. France has also reshuffled its gold…
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