Why has the Netherlands moved $10bn of its gold from the US?

The Netherlands has moved billions of dollars of its gold reserves out of the United States and Canada, and transferred them to the United Kingdom amid global geopolitical tensions.On Wednesday, the Dutch Central Bank (DNB) said it had moved the gold reserves to ensure it is “better prepared for severe crises”.Recommended Stories list of 3 itemslist 1 of 3US Fed chair warns inflation progress insufficient, hints at rate hikeslist 2 of 3US revises statements suggesting Chinese hackers attacked agencieslist 3 of 3US launches $1 coin featuring Trump’s face: What to knowend of listWhile DNB did not specify which crises it might need to be prepared for, the US is currently engaged in a bitter trade tariff war with Canada, while Washington is conducting a war in Iran and has led operations in Venezuela and around Cuba in recent months.Furthermore, tensions between Europe and the US have risen since the start of the US war on Iran in February this year, as Trump has made his displeasure at the reluctance of European allies to join the war known.In a statement, DNB President Olaf Sleijpen said: “With this relocation, we have improved the tradability of our gold reserves. We expect that we ...