France pulls last gold held in US for $15B gain
2026-04-06
<p></p> <p>The Bank of France has finalized its decades-long gold repatriation program, withdrawing the last 129 tonnes stored at the Federal Reserve Bank of New York. This strategic move, part of a "gold reserve upgrade" initiative, involved selling non-standard bullion and acquiring new, internationally compliant gold bars in Europe, generating a significant 13 billion euro ($15 billion) capital gain amidst rising gold prices for the 2025 financial year. The nation's total gold reserves of approximately 2,437 tonnes are now entirely consolidated within France, with further standardization efforts planned by 2028.</p> <p>
