Netherlands relocates gold to London
Summary
The Dutch central bank said 86 tonnes of gold were moved from the US and Canada to London between March and August. The gold is now held by the Bank of England for easier trading in a crisis situation.
Digest
02 SEP 2026 — The Dutch central bank (DNB) said Wednesday that 86 tonnes of gold had been removed from the US and Canada and relocated to London after a months-long operation. DNB cited increasing geopolitical unrest and said the gold could be traded more easily through the Bank of England in a crisis situation. Bank president Olaf Sleijpen called the move necessary to strengthen resilience and preparedness. Between March and August, 27 tonnes were moved from New York and Ottawa to Zeist, while a similar quantity and quality was transferred to London without melting the bars. The remaining gold was sold in New York and repurchased in London. DNB said the combined approach spread risks associated with the relocation. The bank did not explain its reference to geopolitical unrest. It said its gold held in London was more readily available in a crisis than gold in the US or Canada. The share held in London rose from 18.1% to 32.1%.
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