● RADIOAdvertise with us
DOWNUNDERVOICESAustralia · New Zealand · World
Back to Business
Business

11 September 2026

Why are European banks moving their gold out of the US?

Downunder Voices Newsroom

Source reporting: Deutsche Welle English

FacebookEmail
Why are European banks moving their gold out of the US?

The Netherlands and France have moved their gold out of US vaults. Part of the reason is fear over US reliability, but equally important is the need to have their gold closer to home in the event of a crisis.

About this report

Downunder Voices provides an independently written summary and community perspective based on information published by the original source. The original publisher remains responsible for its reporting.

Join our community

Follow Downunder Voices

Join thousands of readers following news and community stories from Australia, New Zealand and the Pacific.

Follow on FacebookSubmit your story

More from Business

View category
Onex linked to record $200m VLCC dealBusiness

11 September 2026

Onex linked to record $200m VLCC deal

The tanker sale that has dominated market chatter this month has finally taken shape, with Dubai-based trading house Onex DMCC linked to an extraordinary $200m purchase of a near-new VLCC from George Procopiou’s Dynacom Tankers. VesselsValue’s latest sales register identifies the ship as the 306,000 dwt Pinios, built this year at China’s Hengli Heavy Industries. …

Source: Splash247Original source

Read Next

View latest
Six logistics CEOs go into a bar…Trade & Logistics

11 September 2026

Six logistics CEOs go into a bar…

(Six logistics CEOs and €10bn. Who gets the money?) Running a global logistics company has never been particularly easy. Today it looks even less comfortable. Freight markets remain volatile, geopolitics can rewrite networks overnight, customers want lower rates and better technology, while shareholders somehow expect margins to improve regardless.

Source: The LoadstarOriginal source
Houthis advance towards Bab al-Mandab with capture of MokhaTrade & Logistics

11 September 2026

Houthis advance towards Bab al-Mandab with capture of Mokha

Yemen’s Houthis have seized the strategic Red Sea port city of Mokha, bringing the Iran-backed group to within around 80 km of the Bab al-Mandab Strait. The capture was confirmed by Houthi and Yemeni officials, with pro-government forces withdrawing south towards Dhubab. Mokha’s fall gives the Houthis greater control over Yemen’s western coastline and potentially …

Source: Splash247Original source