Home›Global Markets›Trade & Tariffs›Netherlands shifts 86 tonnes of gold from US and Canad…

Netherlands shifts 86 tonnes of gold from US and Canada to London

The Dutch central bank said 86 tonnes were moved between March and August, reducing its US and Canada holdings and increasing its share held at the Bank of England.

Reported · Written up by our desk · Trade & Tariffs

The Dutch central bank, DNB, said it has relocated 86 tonnes of gold out of the US and Canada to London as part of what it called a crisis preparedness effort. DNB linked the decision to increasing geopolitical unrest and said the gold is now held by the Bank of England, where it can be traded more easily in a crisis.

DNB said 27 tonnes of gold bars were moved from New York and Ottawa to Zeist in the Netherlands, and then a similar quantity and quality was transported to London without melting the bars. The bank did not detail the exact transport method across the Atlantic, but said part of the transfer involved selling the gold in New York and repurchasing it in London to spread risks.

The move comes amid a trade dispute between the US and Canada, with both sides announcing fresh tariffs after failed trade talks. DNB referenced uncertainty tied to the US economy and said Canada has been hit by US tariffs on steel, aluminium, lumber and automobiles, plus an additional 50% levy on about C$28 billion of Canadian goods announced in August.

DNB said prior to the announcement it held 31.3% of its gold in New York and 19.7% in Ottawa, and that those shares have fallen to 18.5% in both places. After the relocation, its share of gold held with the Bank of England rose from 18.1% to 32.1%, and the bank said its total Dutch gold stock was 612.4 tonnes valued at €72.2 billion at the end of 2025.

Latest closeGold $4,431.70 ▲1.9%

More like this

Sources