Golden opportunity: can China lure European central bank gold reserves from US?

Amid persistent geopolitical strains and growing concerns over the weaponisation of the US dollar, European central banks have continued shifting gold reserves away from US vaults – with the latest move announced by the Netherlands – and analysts say China could take it as an opportunity to draw more bullion flows into custody hubs in Shanghai and Hong Kong. De Nederlandsche Bank, the Dutch central bank, said in a news release on Wednesday that it had transferred 86 tonnes of gold from vaults in