Trump triggers "frightening sign" as billions in gold flee New York vaults: expert
Fears that President Donald Trump could freeze foreign assets are driving billions in gold out of New York's vaults, an economics journalist warned.
In a Thursday article for The Bulwark, economics editor and columnist Catherine Rampell described the gold retreat as a signal of how far U.S. relationships, in particular with its European allies, have deteriorated.
"In a frightening sign of just how much trust has been lost between the United States and its erstwhile allies, billions of dollars of gold reserves are being repatriated or otherwise moved out of Trump's reach," Rampell wrote....
Sep 04, 2026


