Germany and Italy, which hold the world's second- and third-largest gold reserves respectively, are facing increasing pressure to repatriate approximately $245 billion worth of gold currently stored at the Federal Reserve Bank in New York. This amount represents about one-third of each country's total gold reserves. The calls to move their bullion back home have intensified amid growing geopolitical tensions and concerns over U.S. monetary policy, particularly following President Donald Trump's repeated attacks on the Federal Reserve. The debate over repatriation reflects broader unease about the security and political influence associated with storing gold in the United States. Observers note that this situation may prompt European nations to reconsider the location of their gold reserves and explore alternative custodianship options.