French central bank Banque de France carried out a major financial operation to secure the remainder of its foreign-held gold reserves.
Between July 2025 and January 2026, France sold 129 tons of older gold bars stored at the Federal Reserve in New York and immediately purchased modern gold on the European market.
Central bank officials formally announced the large-scale transfer on March 24, 2026. Fueled by record-high gold prices, the transaction reportedly generated a $15 billion profit for the country.
Bank Governor François Villeroy de Galhau said the move was purely technical and not politically motivated.
France now keeps its entire gold reserve at home, with all 2,437 tons of the national stockpile securely stored in Paris.
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