Author：Currency Explorer

According to a recent report by French media, between July 2025 and January 2026, the Bank of France will sell the last batch of 129 tons of gold (approximately 5% of France's total gold reserves) held in the United States.And purchased an equivalent amount of gold in Europe.The bank gained €12.8 billion in capital gains. Currently, all of France's gold reserves are stored in Paris. Since 2005, the Bank of France has been gradually replacing old, non-standard gold bars with those conforming to modern international standards. Instead of refining and transporting the gold held in the United States, the bank chose to sell it. Taking advantage of high gold prices, the Bank of France made substantial profits through 26 transactions. Bank of France Governor Villeroy insisted that the decision to move French gold out of the United States was not politically motivated. Instead, it was based on the fact that higher-standard gold was traded on the European market, and that purchasing new gold was easier than refining existing inventory.