“Handelsblatt newspaper reports – following rumors to the effect that have been circulating for months – that Germany’s central bank will recall much its gold bullion stored in vaults around the world.

The Bundesbank is holding a news conference Wednesday morning where according to the paper it will announce a reshuffle of where it keeps its more than $180 billion worth of gold.

At the moment the US Federal Reserve stores 45% of the total 3,396 tonnes in Manhattan and some reports suggest that the Bundesbank want much of it back because the Fed refused German officials a viewing of the bullion a couple of months ago.” Read article