Euronext CEO Stephane Boujnah has revealed that European investors are withdrawing physical gold assets from US storage facilities due to concerns over the Trump administration’s unpredictable trade policies.
In a France Inter radio interview, Boujnah described markets attempting to adapt to what he called an “unrecognizable” United States. Global markets have suffered a $10 trillion decline following President Trump’s announcement of sweeping tariffs, creating widespread economic uncertainty.
While some market stabilization occurred Tuesday as investors sought buying opportunities, tensions remain high with China pledging retaliation against any further US tariff increases.
Boujnah observed that investors increasingly view Europe as offering greater certainty regarding property rights and environmental stability compared to the US, which he suggested now resembles “an emerging country” rather than the stable economic power it once represented.