Dutch Central Bank Moves 86 Tonnes of Gold From US, Canada to London

The Dutch central bank (DNB) said Wednesday it moved 86 tonnes of gold out of the United States and Canada to London between March and August, citing "increasing geopolitical unrest." The transfer raised London's share of Dutch gold reserves from 18.1% to 32.1%, while New York's and Ottawa's shares each fell to 18.5% from 31.3% and 19.7%, respectively.
DNB said gold held in London can be traded and deployed more quickly during a crisis than reserves held in New York or Ottawa. "With this step, we have improved the deployability of the gold reserves," said DNB President Olaf Sleijpen. "We assume that we will never need to deploy the gold, but it is nevertheless necessary to strengthen our resilience and preparedness."
The Netherlands' total gold stock stood at 612.4 tonnes, valued at €72.2 billion, at the end of 2025.