US EditionFrance Pulls All Gold Out of US Federal Reserve
The central bank said the upgrade made the bars easier to trade globally and generated nearly €13 billion in gains.
- France has successfully completed the repatriation of its remaining gold holdings from the New York Federal Reserve to Paris. The Banque de France modernized reserves by replacing older stock with internationally compliant bars.
- Storing gold in Manhattan after World War II ensured safety from continental conflict. Since 2005, the central bank has been gradually relocating assets from the Federal Reserve and the Bank of England back to French soil.
- The upgrade generated nearly 13 billion euros, or around $15 billion, for the Banque de France. Officials capitalized on favorable market conditions, as gold prices have surged roughly 350% over the past decade.
- Every ounce of French gold is now held domestically within the vaults of La Souterraine. Banque de France Governor Villeroy de Galhau stated the decision was a practical financial move rather than a political one.
- Holding about 2,437 tonnes of gold, France maintains its status as the world's fourth-largest national reserve. The central bank remains committed to keeping these assets domestically to ensure easier management and international trading.
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35 Articles
Explained: France pulls final remains of gold reserves from US, here's why it holds significance
The Banque de France (BdF) has pulled all its gold reserves from the United States. According to reports, this gold has been replaced with an equivalent amount in its vaults in Paris. The gold amounted to 129 tonnes - approximately 5 per cent of the total gold stored in the bank - and has resulted in a massive €12.8 billion (USD 15 billion) capital gain for the central bank. For the uninitiated, France is one of the world's leading holders of go…
kreiszeitung.de
In the midst of the tensions between Emmanuel Macron and Donald Trump, France withdraws most of its gold reserves from the US. What's behind it?
Paris centralizes its gold reserves and generates billions. At the same time, the debate on access and security abroad is growing in Germany.
France Gold Reserves Shift: Banque de France Repatriates Holdings, Books 12.8 Billion Euros Gain | 🌎 LatestLY
Banque de France shifted its US-held gold reserves to Europe using a sell-and-rebuy strategy, earning 12.8 billion Euros amid record prices. The move, framed as a technical upgrade, reflects a broader global trend of central banks preferring domestic gold storage. 🌎 France Gold Reserves Shift: Banque de France Repatriates Holdings, Books 12.8 Billion Euros Gain.
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