France Withdraws Gold from US Banks amidst Geopolitical Ties

The Bank of France has confirmed the complete withdrawal of its gold reserves, totaling 129 tons, from the Federal Reserve in New York. This operation, traditionally lengthy, accelerated due to geopolitical tensions and was strategically planned to coincide with favorable gold market conditions. Between July 2025 and January 2026, France sold its older gold reserves in the US, generating about €11 billion, significantly reducing losses from previous years.

This strategic maneuver reflects a broader trend among central banks to prioritize national gold holdings amidst geopolitical uncertainties. By repatriating its gold, France strengthens its financial autonomy and reduces reliance on foreign reserves for trade and economic stability. The move also signals a shift in how nations view their gold reserves in the context of global economic dynamics, especially following events like the invasion of Ukraine.