Central banks are moving gold reserves out of traditional Western hubs, with nearly 20% increasing domestic storage or diversifying overseas vault locations over the past year. The shift signals growing concerns about geopolitical risks and the need for direct control over national reserves.

A World Gold Council survey revealed that fewer central banks now store bullion in London and New York compared to last year. These two cities house the world's most liquid bullion markets, making the redistribution notable.

The trend reflects declining trust in established financial centers as political tensions rise. Countries want faster access to their gold and reduced exposure to potential sanctions or market disruptions.

This realignment could reshape the global precious metals market, potentially reducing liquidity in traditional hubs while creating new storage centers. The movement represents a fundamental shift in how nations approach reserve management.