Germany and Italy are considering repatriating gold stored in the U.S. due to rising geopolitical tensions and criticism from former President Trump regarding the U.S. Federal Reserve. This reflects a growing mistrust in U.S. financial stewardship.
Europe's internal and external pressures are prompting nations to reassess their asset security. The past security of U.S. custody is diminishing as global instability rises.
Additionally, the risk of the U.S. freezing foreign assets during crises has fueled concerns. Discussions regarding sovereignty and strategic autonomy are intensifying among European powers.
Germany and Italy are facing calls to move their gold out of New York following President Donald Trump’s repeated attacks on the US Federal Reserve and increasing geopolitical turbulence. https://t.co/PdrJPzZ7Oy pic.twitter.com/bx5pNj7rw9
— Financial Times (@FT) June 23, 2025
