Countries reduce reliance on U.S. for finance and resources
Axios · September 12, 2026Original source ↗
What happened
The Netherlands moved gold reserves out of the U.S. and Canada, while France has already done so. Norway's sovereign wealth fund plans to decrease U.S. government bond holdings, and European countries are seeking to reduce dependence on U.S. defense and technology.
Why it matters
Shifts in international financial and resource strategies may affect the U.S. economy and geopolitical influence.
How this story affects people
How does this story affect you if you are an investor in U.S. government bonds?
A decrease in foreign holdings of U.S. government bonds, particularly by Norway's sovereign wealth fund, could lead to increased volatility in the Treasury market. This may affect bond prices and yields, impacting your investment returns.
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