Amsterdam$11.6bn in gold left New York for London.

Custody, not ownership, now decides whether a reserve asset is usable during a crisis.

Netherlands’ central bank moved 86 tonnes to London, where gold trades faster in an emergency, its governor said.

Analyst John Plassard warns further moves by other banks could erode trust in the US.

How each outlet framed it
Aol
frames gold relocation as crisis-preparedness focused on trading liquidity in London, not custody distrust

Sources: Aol