France Pulls All Gold Out of US Federal Reserve
Summary
France has sold its remaining gold held in the U.S. Federal Reserve and has updated its gold reserves to meet modern international standards. The transaction led to significant financial gains for France's central bank.Key Facts
- France sold 129 tonnes of gold previously stored in the U.S. Federal Reserve Bank of New York.
- The sale occurred between July 2025 and January 2026.
- France replaced the old gold with new, compliant bars in Europe, now stored in Paris.
- The sale generated nearly 13 billion euros for France's central bank.
- The upgrade was part of a long-term plan to modernize France's gold reserves.
- The overall size of France's gold reserve, around 2,437 tons, remained unchanged.
- France aims to bring 134 tons of gold up to modern standards by 2028.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
