The Dutch central bank has moved billions of dollars worth of its gold reserves from North America to London THE HAGUE, Netherlands -- The Dutch central bank announced Wednesday that it has moved billions of dollars worth of its gold reserves out of North America in a move it described as “crisis preparedness” in a time of global political unrest. It said that between March and August, some 86 metric tons (94.8 tons) of gold were transferred to London from the combined total of around 313 metric tons (345 tons) held in New York and Ottawa, Canada. Before the move, New York housed 31.3% of the Dutch gold and Ottawa held 19.7%.
After the move, both cities now hold 18.5%, the bank said. The bank owns 612.4 metric tons (675 tons) of gold that was worth 72.2 billion euros (about $83.6 billion) at the end of 2025. A similar quantity of gold was transferred from Zeist to London.
The rest of the relocation was achieved by selling around 59 metric tons (65 tons) of gold in New York and using the proceeds to buy gold in London. The Dutch bank, known by its acronym DNB, said that gold held at the Bank of England “must meet modern international trade standards and is regarded as the world’s most easily tradable gold and will therefore be the most readily available for DNB in a crisis situation. The gold reserves held in New York and Ottawa cannot be utilized as quickly and directly in such a situation.” 24/7 coverage of breaking news and live events
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