Around a third of Berlin’s bullion reserves, worth $180 billion, remain in New York

Berlin should repatriate its gold reserves held in the US, a German lawmaker told Der Spiegel on Friday, citing concerns over US President Donald Trump’s “unpredictable” policies.

Marie-Agnes Strack-Zimmermann, a member of the Free Democratic Party (FDP), said repatriating the reserves would reduce strategic risk amid growing uncertainty.

Gold prices have surged over the past four years, rising nearly 70% in 2025 alone, fueled by central bank demand, inflation concerns, and geopolitical tensions. Gold futures hit a record high this week, topping $4,860 an ounce…

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