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DnB Bank ASADNB Moves 86 Tons of Gold Reserves to London Amid Geopolitical Risks
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Norway's central bank, DNB, has moved 86 tons of its gold reserves from the United States and Canada to London amid rising geopolitical risks, aiming to enhance liquidity and crisis preparedness. The move comes as gold prices rose by $58.62, following a weaker dollar and lower US bond yields, and after the ADP private employment data for August came in below expectations. Meanwhile, the market is pricing in a 64% chance that the Federal Reserve may raise interest rates in September, and investors are awaiting Friday's non-farm payrolls figures to gauge the direction of monetary policy.
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