Quiet Gold Rush: Investors Flee US Volatility for Europe

Amidst growing uncertainty in US decision-making, investors are quietly shifting their gold reserves to Europe. Euronext CEO Stephane Boujnah recently highlighted this trend, suggesting that the volatility in the US is driving this movement. "People who do move physical assets from the US to the rest of Europe do not make a lot of noise about it, and they don't communicate publicly about it," Boujnah said. This quiet shift reflects a growing concern among investors about the stability of the US economic and political climate. The trend underscores the increasing importance of Europe as a safe haven for investments, and raises questions about the long-term implications for the global economy. While the exact scale of these movements remains unclear, the trend is likely to continue as long as the uncertainty in the US persists.