economy
January 24, 2026
German lawmaker pushing to repatriate gold from US
Berlin should repatriate its gold reserves held in the US amid uncertainty over Washington’s policies, a German lawmaker has said
TL;DR
- A German lawmaker has called for the repatriation of gold reserves held in New York.
- The lawmaker cited concerns over President Trump's unpredictable policies and growing global uncertainties.
- Around 37% of Germany's gold reserves, worth $180 billion, are stored at the US Federal Reserve.
- The arrangement made sense during the Cold War but is no longer suitable for the current geopolitical situation.
- Gold prices have surged due to central bank demand, inflation concerns, and geopolitical tensions.
- Germany has repatriated some gold from overseas in the past and currently holds reserves domestically, in New York, and in London.
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