European central banks are moving their gold reserves away from the United States to prioritize accessibility during geopolitical crises. The Netherlands and France have already transferred assets to liquid markets like London, where they can be quickly leveraged in emergencies. Driven by doubts regarding the US financial system and unpredictable policies from the Trump administration, other EU nations like Italy and Germany are considering similar withdrawals.

https://www.dw.com/en/why-are-european-banks-moving-their-gold-out-of-the-us/a-79213013