Distrust in America in the shadow of Trump's tension; Gold does not become a geopolitical hostage.
In recent months, several countries, including America's closest allies, have removed their gold reserves from New York's vaults, and are increasingly weighing geopolitical risks in their decisions about the location of this valuable strategic reserve.
Political considerations are also important, especially in the current geopolitical environment and given the more complicated relationship of many countries with America. Demonstrating national control over one of the central assets of the reserves in the country is also important from a symbolic point of view. Meanwhile, the geographical diversification of the storage location is one of the standard practices of prudent management.
Gold has always been of geopolitical importance. In an environment where the competition of great powers has increased again and the financial infrastructure is used as a weapon to exert pressure, the geopolitical importance of gold has increased and the public feedback on these transfers should not be neglected.