Europe moves gold out of US as concerns over Trump-era risks grow
Dutch central bank moved 78 tonnes of gold to London as European officials and commentators warned Trump could freeze foreign reserves.
- On Wednesday, The Dutch central bank moved roughly $12 billion in gold from New York to London, shifting more than 78 tonnes and citing "increasing geopolitical unrest" as motivation for the politically sensitive transfer.
- Fears that President Donald Trump could freeze foreign assets are driving gold out of United States vaults. Ferber told Reuters that Trump is "erratic" and might creatively treat foreign gold reserves.
- France recently sold about $15 billion in bullion stored in New York, replacing it with bars kept in Paris. Germany and Italy are weighing similar moves following calls from politicians and Germany's Taxpayers Federation.
- Economics journalist Rampell wrote that the trend represents a "frightening" loss of trust between the United States and allies. This nervousness follows Trump's "Liberation Day" tariffs and threats to annex Greenland.
- Investors are increasingly diversifying away from U.S. dollar-denominated assets due to fears of losing access to them. Rampell noted this trend "hadn't really occurred" to her previously, reflecting a significant shift in international confidence.
16 Articles
16 Articles
Another European country is now moving its gold out of the US due to 'increased geopolitical unrest'.
The Netherlands entity reduces its deposits in the US by “geopolitics”
The Netherlands transfers ingots from the main Western safes, as well as France and India. That's while Poland, China and Turkey increase their reserves. Gold doesn't move very often. It's a costly, difficult move that requires an extremely complex insurance and transport operation. So when tens of tons ...
Trump triggers "frightening sign" as billions in gold flee New York vaults: expert
Fears that President Donald Trump could freeze foreign assets are driving billions in gold out of New York's vaults, an economics journalist warned.In a Thursday article for The Bulwark, economics editor and columnist Catherine Rampell described the gold retreat as a signal of how far U.S. relationships, in particular with its European allies, have deteriorated."In a frightening sign of just how much trust has been lost between the United States…
Dutch yank gold from NY, citing ‘geopolitical unrest’ — becoming 2nd Euro country to pull precious metal
The Dutch central bank has yanked more than 78 metric tons of gold out of New York, citing the tumultuous international climate -- the latest European country to ditch or downsize its US precious metal stores.
Coverage Details
Bias Distribution
- 45% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
