EconomyWhy are European banks moving their gold out of the US?
The Netherlands and France have shifted gold out of US vaults amid concerns about access during a crisis and confidence in US reliability. The Dutch central bank cited geopolitical unrest and crisis preparedness, while France said its move was not politically motivated. Central banks are increasingly weighing where reserves are stored as well as what they hold.
Why are European banks moving their gold out of the US?
Economy