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Germany and Italy pressed to bring $245bn of gold home from US

Summary by Financial Times
Trump’s attacks on the Fed and growing geopolitical risks reignite public debate about repatriating bullion

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Left
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Center
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Lean Left

The Germans and Italians are increasingly thinking about it: repatriating their gold reserves stored in the United States. Today, it is Donald Trump's statements and doubts about the independence of the US central bank that revive this debate.

Far Right

Some of the German and Italian gold reserves are stored in the United States. The total value is currently around $245 billion. However, in Berlin and Rome it is no longer considered safe to keep the precious metal reserves there – and want to repatriate them. Germany (3,352 tonnes) and Italy (2,452 tonnes) officially own the second and third largest gold reserves in the world after the United States. While Germany holds about 37 percent of the …

Center

Germany and Italy are (after the United States) the countries with the largest gold reserve. Of this, the equivalent of 245 billion dollars is preserved at the Fed. The German parties want to bring these reserves back. And in 2019 also Meloni loudly asked for the repatriation of Italian gold.

·Italy
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Bias Distribution

  • 70% of the sources lean Right
70% Right
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Financial Times broke the news in London, United Kingdom on Monday, June 23, 2025.
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