Central bank gold moves are about repatriation, not liquidation – StoneX's O'Connell
While the recent headline may give the impression that central banks are selling off some of their gold reserves, the gold has merely changed location in response to the rising perceived risk of sanctions and seizure, according to Rhona O'Connell, Head of Market Analysis for EMEA & Asia at StoneX.“News headlines last week captured the public's imagination with the reports of the Netherlands' central bank repatriating gold from North America into Europe,” wrote Rhona O'Connell, Head of Market Analysis for EMEA & Asia on Wednesday.