France Withdraws All Gold From US Federal Reserve
France has completed a long-term plan to bring its gold reserves home by selling its remaining holdings from the U.S. Federal Reserve. This strategic move involved upgrading 129 tonnes of gold between July 2025 and January 2026, replacing older bars with new, internationally compliant ones stored in Paris. The Banque de France generated nearly 13 billion euros from this operation, highlighting its practical financial decision to enhance the safety and tradability of its gold reserves while capitalizing on favorable market conditions. This upgrade aligns with France’s ongoing efforts since 2005 to modernize its gold stock and ensure it meets contemporary global standards.
John Q. Hosedrinker