Context and reports: - About 8,000 bars have been moved fro…

Context and reports:
- About 8,000 bars have been moved from the BoE in recent months, with withdrawal slots reportedly booked up and the BoE’s stock dipping around 2% since year-end, per news coverage.
- The BoE doesn’t just hold the U.K.’s reserves—it also stores gold for other central banks and commercial banks, so these flows reflect private-market positioning rather than U.S. sovereign policy.