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Why are European banks moving gold out of United States? - DW.com

Source: DW.com

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DW NOTE

European central banks are pulling physical gold from New York vaults while the dollar's reserve share just hit 57% — the highest in years. When confidence is rising, you consolidate. When you repatriate, you're pricing in jurisdiction risk. They're not moving gold for safekeeping; they already had that. They're moving it because they no longer trust where it was.

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