https://www.mining.com/france-pulls-last-gold-held-in-us-for-15b-gain/ Copper $ 5.6358 / lb 2.72% Brent Crude Oil $ 104.4 / bbl -4.21% Palladium $ 1496.5 / ozt 5.39% Crude Oil $ 101.85 / bbl -3.06% Natural Gas $ 2.89 / Btu 0.10% Silver Futures $ 75.495 / ozt 7.47% Aluminum Futures $ 3314.25 / ton -1.21% Micro Gold Futures $ 4713.1 / ozt 3.80% Micro Silver Futures $ 75.48 / ozt 7.54% Platinum $ 1973.85 / ozt 4.22% Gold Futures $ 4713.3 / ozt 3.84% Go to MDC Markets [MDC-Logo-D] [ms-icon-31] * News [news] * Markets [markets] * Intelligence [intelligen] * Jobs [careers] * Education [education] * Buyers Guide [Buyers-Gui] * Treasure Hunt * Jobs * Markets * Buyer's Guide * TNM Maps * Advertise * RSS * Newsletter * Subscriptions * Drill Holes * Buy Gold & Silver * TNM Marco Polo The Northern Miner MINING.COM Canadian Mining Journal Sign In Join * Watch * Company Spotlight * Copper * Gold * Critical Minerals * Commodities + Lithium + Nickel + Iron Ore + Rare Earth + Coal + Uranium + Cobalt + Diamond + Zinc + Platinum + Palladium + Silver + Potash + Suppliers Equipment * TOP 50 * USA * Canada * Australia * Regions + Africa + China + Latin America + Europe + Asia * Live Charts + Gold + Copper + Silver [ ] * {{ option.title }} * View more results France pulls last gold held in US for $15B gain Staff Writer | April 5, 2026 | 9:57 am Markets Europe USA Gold [AdobeStock_748732093_Editorial_Use_Only-1024x684] Stock image. The Bank of France (BdF) says it has pulled the remaining gold held in New York and replaced it with a similar amount of gold bars in its vaults in Paris. The gold amounted to 129 tonnes -- or about 5% of the bank's total holdings, according to the bank's press release issued last week. France, one of the world's leading gold holders, has been storing some of its bullion with the Federal Reserve Bank of New York since the late 1920s. However, an operation to repatriate its gold holdings began in the 1960s leading up to the US termination of the Bretton Woods system, which effectively stopped foreign governments from exchanging dollars for gold. Despite that, France still held a small portion of its gold with the Reserve Bank of New York. Gold reserve upgrade Over the past 20 years , the BdF has also been replacing its "older" or "non-standard" gold holdings -- such as those in New York -- with bars that meet modern international standards. Under the recommendation of a 2024 internal audit, the bank went ahead to replace the US-held gold between July 2025 and January 2026. But instead of refining and transporting the gold, it opted to sell the bars and purchase new bullion in Europe. BdF Governor Francois Villeroy de Galhau said the decision to keep the new bars in Paris is "not politically motivated," as the higher-standard gold bars it bought were traded on a European market. Due to rising gold prices, the move helped the bank to generate a capital gain of EUR13 billion ($15 billion), bringing it to a net profit of EUR8.1 billion for the 2025 financial year after a net loss of EUR7.7 billion in 2024. The overall size of France's gold reserves still remained unchanged at roughly 2,437 tonnes, which are now entirely held at the BdF's underground vault in La Souterraine. The French central bank still has 134 tonnes of gold to bring up to standard, which it aims to do by 2028. * Share * * * * Comments Cancel reply Your email address will not be published. Required fields are marked * [ ] [ ] [ ] [ ] Save my name, email, and website in this browser for the next time I comment. [ ] [Post] [ ] [ ] [ ] [ ] [ ] [ ] [ ] D[ ] No comments found. More News Miners escape from attacked coal mine in Russian-controlled Ukraine, official says Miners escape from attacked coal mine in Russian-controlled Ukraine, official says All 41 miners who were trapped underground after Ukraine struck the Bilorechenska coal mine in the Russian-controlled Luhansk region have been evacuated. April 06, 2026 | 12:31 pm Panama moves to unlock copper from First Quantum mine Panama moves to unlock copper from First Quantum mine Commerce and Industries Minister may approve by Tuesday exports of already mined ore from Cobre Panama's stockpiles. 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