The Netherlands moved some 90 tons of gold out of the Federal Reserve Bank in New York, citing geopolitical unrest. This marks the second European nation this year to reduce or eliminate its U.S. gold holdings. The decision reflects growing unease over the safety of assets held abroad amid global tensions.

Dutch officials said the repatriation aims to diversify storage and reduce reliance on U.S. facilities. The move follows a similar action by another European country, though specifics were not disclosed. Analysts view this as a signal of shifting trust in traditional financial hubs.

The Federal Reserve Bank of New York holds gold for numerous central banks, but recent geopolitical events have prompted some to reassess. The Netherlands’ decision could influence other nations to reconsider their own storage arrangements, potentially reshaping international gold custody practices.

Despite the reduction, the Dutch central bank retains significant reserves, with the relocated gold now stored domestically. The bank emphasized that the move was precautionary, not a reflection of U.S. financial instability, but a response to broader global risks.