Is the U.S. losing its safe-haven status? Why global central banks are pulling gold out of New York. - MarketWatch
Is the U.S. losing its safe-haven status? Why global central banks are pulling gold out of New York. - MarketWatch
Source: MarketWatch
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DW NOTE
Central banks moving gold out of New York signals nothing about safe-haven status — it signals they've watched the US freeze $300 billion in Russian reserves and concluded that custody in New York is custody on American terms. When your reserve asset can be confiscated by executive order, the vault's location matters more than the metal's appeal.