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Germany gets its gold reserves back to Frankfurt - What's behind this move?
Germany’s Bundesbank is set to unite half of the country’s gold reserves in its Frankfurt vaults by the end of 2017 - three years ahead of schedule. The central bank transferred 216 tons of the precious metal to Frankfurt in 2016, including 111 tons from New York and 105 tons from Paris. Share Radio's James Brydges spoke to Craig Erlam, Senior Market Analyst at Oanda to find out more about this move.
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By Share RadioGermany’s Bundesbank is set to unite half of the country’s gold reserves in its Frankfurt vaults by the end of 2017 - three years ahead of schedule. The central bank transferred 216 tons of the precious metal to Frankfurt in 2016, including 111 tons from New York and 105 tons from Paris. Share Radio's James Brydges spoke to Craig Erlam, Senior Market Analyst at Oanda to find out more about this move.