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Short, verified market news summaries; every item names its source and publication date.
Dutch Central Bank Moves $10 Billion of Its Gold Reserves From the US and Canada to the UK
According to Al Jazeera, the Dutch central bank (DNB) said on Wednesday, September 2, 2026 (11 Shahrivar 1405), that it had moved part of its gold reserves from the United States and Canada to the United Kingdom to be, in the bank's words, "better prepared for severe crises." The relocated gold was valued at about 10.11 billion euros (about 11.73 billion dollars) at the end of 2025. The Netherlands holds a total of 612.4 tonnes of gold, worth about 72.2 billion euros (about 83.8 billion dollars), across four locations. Before the move, New York held 31.3 percent of the reserves, now reduced to 18.5 percent, while London's share rose from 18.1 to 32.1 percent. Al Jazeera reported the relocation came as tensions have risen between Europe and the US since the start of the US war in Iran in February this year, with President Donald Trump voicing displeasure at European allies' reluctance to join the war.
Al Jazeera
Dutch Central Bank Moves Part of Its Gold Reserves From the US and Canada to Britain
The Dutch central bank (DNB) said on Wednesday, September 2, 2026 (11 Shahrivar 1405), according to IRNA, citing Bloomberg, that between March and August 2026 it moved about 86 tons of the roughly 313 tons of its gold reserves held in the United States and Canada from New York and Ottawa to London. With the shift, London now holds the largest share of the Dutch central bank's gold reserves. DNB President Olaf Sleijpen said in a statement that the move improves the tradability of the bank's gold reserves and, in response to rising instability and geopolitical tensions, strengthens its readiness for rapid access to the reserves in a crisis. Central bank gold held in London sits with the Bank of England, which holds more than $780 billion worth of gold bullion belonging to other monetary institutions. A few months earlier, the Bank of France had sold gold reserves it held in the United States and replaced them with reserves held in Paris.
Donya-e-Eqtesad, citing IRNA and Bloomberg