Why are European countries moving their gold out of North America?

Cavatoni, of the World Gold Council, said one standard approach to move gold stocks was to sell the commodity in one place and buy it in another. “Let’s say I want my gold in New York and I have it in London. I could sell it in London, buy it in New York, same day, same time, effectively book transfer without actually having to put it on any other logistical change.”

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