Hidden Gold Transfers Are Redrawing Where Reserves Sit

Central bank gold relocation is back in focus after the Netherlands shifted 59 tonnes out of New York to guard against asset freeze risk. Rhona O'Connell, StoneX Head of Market Analysis, EMEA & Asia, walks through how that transfer was executed and what the official sector is protecting against. Most of the shift never involved a truck. De Nederlandsche Bank sold metal in New York and bought it in London over roughly five months, the same route the Banque de France took, with only part of the holding physically shipped. She also covers the Federal Reserve backdrop and why one year of gold production is worth roughly twice one year of aluminum production. Discover Actionable Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_rhona_o_connell&utm_content=share 00:00 - Gold Reserves Change Address 00:43 - Jackson Hole Shifts Rate Bets 01:35 - Hot Jobs Print Falls Apart 02:59 - FOMC Blackout Meets Gulf Risk 03:42 - Netherlands Moves 59 Tonnes 05:05 - Small Market With Deep Pockets Like and subscribe for more financial market insights. #Gold #StoneX #RhonaOConnell #PreciousMetals