Eurozone Central Banks Repatriate Gold from US, Dollar Reserves Remain High

English summary

Central banks in the Eurozone, including those of the Netherlands, France, and Germany, have been repatriating gold stored in the US since 2013 or moving it to London. However, their foreign exchange reserves remain heavily weighted towards dollar assets. This move is primarily driven by asset custody security concerns rather than de-dollarization, indicating that these nations continue to value the liquidity and yield advantages of dollar assets.