One purchase, one sale, the Bank of France's gold reserves in the United States are zero.

According to a recent report by French media, from July 2025 to January 2026, the French central bank made a capital gain of 12.8 billion euros by selling the last batch of 129 tons of gold stored in the United States and buying an equivalent amount of gold in Europe. Currently, all of France's gold reserves are stored in Paris. Since 2005, the French central bank has been gradually replacing old, non-standard gold bars with bars that meet modern international standards. The bank chose not to refine and transport the gold left in the United States but instead chose to sell it. Taking advantage of the high gold prices, the French central bank made huge profits through 26 transactions. The bank's governor, Villeroy de Galhau, insists that the decision to move French gold out of the United States was not based on political motives. Instead, it was based on the fact that the gold traded in the European market meets higher standards, and buying new gold is easier than refining existing stocks.