Euronext (EPA:ENX) NV’s Chief Executive Officer, Stephane Boujnah, has noted a recent trend among European investors who are starting to relocate their gold holdings from the United States to Europe.
The move appears to be a response to the trade policies of the Trump administration.
In a radio interview with France Inter, Boujnah highlighted that the financial markets are currently adjusting to a United States that is "unrecognizable."
He further pointed out that this shift of physical assets, such as gold, from the US to Europe is a relatively new development.
Boujnah’s comments indicate an ongoing reaction among European investors to the changing dynamics of the US trade landscape.
