Austria to Repatriate Some Gold from London by 2020

Reuters reported that the Austrian central bank’s decision to repatriate a quantity of gold from London by 2020 is “absolutely not” linked to the possibility that Britain will leave the European Union.

As quoted in the market news:

[National Bank of Austria Governor Ewald Nowotny] said it instead reflected a trend among central banks, including Germany’s Bundesbank, to hold more reserves at home.

Click here to read the full Reuters report.