Why are European banks moving their gold out of the US? - DW.com

Why are European banks moving their gold out of the US? - DW.com

Source: DW.com

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DW NOTE

European central banks are repatriating gold they once stored in New York. The official reason is always logistical. The actual reason is that institutions with sovereign balance sheets have watched Washington freeze $300 billion in Russian reserves and now understand custody risk differently than they did in 2021.

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