Dutch central bank moves 86 tons of gold from US and Canada to London amid policy shifts

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12 days · 3 summary articles
Dutch central bank moves 86 tons of gold from US and Canada to London amid policy shifts
Japan 10-year bond yield hits 3% for first time since 1996 as yen nears 160 per dollar
Global bond yields hit multi-year highs as US debt tops 40 trillion and Fed weighs inflation fight
Continuation
Strong U.S. jobs data and rising global bond yields are reshaping central bank policies and financial markets as economic growth outpaces expectations. The U.S. added 162,000 jobs in August, exceeding forecasts and increasing bets on a Federal Reserve rate hike in September, according to the Financial Times .
Meanwhile, the 30-year U.S. Treasury yield remains above 5%, near 2007 levels, while government borrowing costs have climbed across Germany, Japan, and the UK. New York Fed President John Williams attributed the yield surge to economic strength and investments in AI and data centers, telling CNBC that rising yields reflect a robust outlook rather than weakening financial conditions . Fed Chair Kevin Warsh similarly noted real consumer spending growth of over 2% in the past year and a stable 4.1% unemployment rate .
Central banks in Europe are also adjusting to shifting dynamics. The Netherlands’ De Nederlandsche Bank moved 27% of its gold reserves—86 tons—from the U.S. and Canada to London, citing liquidity and crisis preparedness. The bank stated the transfer ensures gold is “most readily available,” leaving 227 tons in North America . France earlier sold its 129-ton U.S. gold holdings, replacing them with reserves in Paris, a move financial expert Peter Schiff called evidence of eroding trust in U.S. economic dominance .
Equity markets have remained resilient despite higher yields, with the S&P 500 up 13% this year and Europe’s STOXX 600 gaining 9.5%. Analysts suggest strong corporate earnings and growth prospects are offsetting borrowing cost pressures .
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