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2026-04-07 06:28:09
[French Central Bank Profits €12.8 Billion by Emptying Gold Reserves in the US and Relocating to Europe] 1. According to recent French media reports, between July 2025 and January 2026, the Bank of France gained €12.8 billion in capital gains by selling the last batch of 129 tons of gold stored in the United States and purchasing an equivalent amount of gold in Europe. Currently, all of France's gold reserves have been repatriated to Paris. 2. Since 2005, the Bank of France has been gradually replacing old, non-standard gold bars with those conforming to modern international standards. This time, instead of refining and transporting the gold held in the US, the bank sold it directly, profiting handsomely from 26 transactions while gold prices were high. 3. Bank of France Governor Villeroy insisted that the decision to move French gold out of the US was not politically motivated. He stated that this was mainly because the European market trades in higher-standard gold, and purchasing new gold was more convenient than refining existing inventory.
