France pulls last gold held in US for $15B gain
｢ 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 ｣
https://www.mining.com/france-pulls-last-gold-held-in-us-for-15b-gain/
French central bank nets €13bn by pulling gold out of US reserves
France’s central bank has sold off the last of the gold it held in the United States Federal Reserve and replaced it with higher quality bars in Paris, taking advantage of rising prices to make nearly €13 billion as it upgrades its holdings.
France’s central bank has sold off the last of the gold it held in the United States Federal Reserve and replaced it with higher quality bars in Paris, taking advantage of rising prices to make nearly €13 billion as it upgrades its holdings.
Gold near $4,700. Goldman targets $5,400 by year-end. Central banks buying 60 tonnes a month. This rally is bigger than the Iran war — it's a structural shift in how the world stores value. Don't miss what the metal is signalling. Link in bio. 🥇
#Gold #XAU #SafeHaven #CentralBanks #Inflation #Commo
Gold opened the week of April 6 trading in the $4,660–$4,715 per ounce range, adding 0.76% in pre-market trade as the Iran war's Strait of Hormuz closure sustains demand for safe-haven assets. The precious metal has appreciated more than 50% over the past year, with analysts at Goldman Sachs maintaining an end-2026 price target of
Is Germany's gold safe in New York ?
https://www.dw.com/en/is-germanys-gold-safe-in-new-york/video-75766873
#HackerNews #gold #New #York #safety #finance #security #goldreserve
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