Dutch Central Bank moves 86 tonnes of gold to London

gold reserves De Nederlandsche Bank geopolitical risk liquidity central bank

The Dutch Central Bank (DNB) has relocated 86 metric tonnes of its gold reserves from North America to London. The operation, conducted between March and August 2026, involved moving gold from vaults in New York and Ottawa to the United Kingdom.

DNB Governor Olaf Sleijpen stated the move was a crisis preparedness measure intended to enhance the liquidity and tradability of the reserves amid increasing global geopolitical unrest. London was selected due to its status as a primary global hub for gold trading, offering easier access to liquidity compared to holdings in New York or Ottawa.

The relocation was executed through a combination of physical transport and financial transactions. Over 27 tonnes of gold were physically moved from North America to the DNB's secure facility in Zeist, Netherlands, and subsequently to London. The remaining portion of the 86-tonne transfer was completed by selling approximately 59 tonnes of gold in New York and repurchasing an equivalent amount in London.

Following the redistribution, the share of Dutch gold held in London increased from 18.1% to 32.1%. The holdings in New York and Ottawa each decreased to 18.5%. The DNB maintains a total of 612.4 tonnes of gold, valued at approximately €72.2 billion at the end of 2025.

Entities

Bank of England · De Nederlandsche Bank · London · Netherlands · New York · Olaf Sleijpen · Ottawa · Zeist

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] SJC gold bar prices in Vietnam remained stable at approximately 145.7 to 148.7 million VND per tael.
[● 2 SOURCES] Experts cite rising US Treasury yields and a stronger USD as drivers for the decline in global gold prices.
[○ 1 SOURCE] Crescat Capital has set a long-term gold price target of 20,000 USD per ounce.
[● 3 SOURCES] Global gold prices fell to approximately 4,330 USD per ounce, marking a three-session decline.
[● 3 SOURCES] Ring gold prices at several Vietnamese brands, including DOJI and Phu Quy, decreased by 300,000 to 500,000 VND per tael.
[○ 1 SOURCE] Crescat Capital CEO Kevin Smith maintains that the long-term upward trend for gold remains unchanged despite recent price corrections.
[● 44 SOURCES] Gold in London is easier to trade and more quickly mobilizable in a crisis than gold in New York or Ottawa. www.topalbaniaradio.com · tribunademexico.com · www.crypto-insiders.nl · lesinguliersete.fr · myportal.gr · +28 more
[● 46 SOURCES] The relocation is due to increasing geopolitical instability and the need to strengthen crisis preparedness. www.topalbaniaradio.com · tribunademexico.com · www.crypto-insiders.nl · lesinguliersete.fr · myportal.gr · +31 more
[● 43 SOURCES] Following the transfer, 32.1% of Dutch gold is in London, 30.8% is in the Netherlands, and 18.5% each are in the US and Canada. www.topalbaniaradio.com · tribunademexico.com · www.crypto-insiders.nl · lesinguliersete.fr · myportal.gr · +29 more
[● 40 SOURCES] The total Dutch gold reserves consist of 612.4 tonnes, valued at approximately 72.2 billion euros at the end of 2025. www.topalbaniaradio.com · tribunademexico.com · www.crypto-insiders.nl · lesinguliersete.fr · myportal.gr · +26 more
[● 43 SOURCES] The transfer involved a combination of buying and selling and the physical transport of over 27 tonnes of gold. www.topalbaniaradio.com · sita.sk · myportal.gr · www.crypto-insiders.nl · es.euronews.com · +28 more
[DISPUTED] The Dutch central bank moved 86 tonnes of gold reserves from the US and Canada to London. www.topalbaniaradio.com · tribunademexico.com · www.crypto-insiders.nl · lesinguliersete.fr · myportal.gr · +23 more