Dutch central bank transfers 86 tonnes of gold closer to home

AI desk brief

De Nederlandsche Bank moved about 86 tonnes of gold from North America to London between March and August 2026, lifting the London share of its reserves to 32.1% from 18.1% and reducing New York and Ottawa each to 18.5%. The total gold stock was unchanged at 612.4 tonnes, worth €72.2bn at year-end 2025, but DNB said the shift improves tradability and crisis access.

The move was partly executed by selling 59 tonnes in New York and buying the same amount in London, while 27 tonnes were physically transported to Zeist and matched with standards-compliant gold moved to London. The article frames the relocation as part of a broader central-bank trend toward holding bullion in more geopolitically secure and readily accessible locations, with France cited as a recent parallel.