‏The Banque de France announced capital gains of €12.8 billion, following the restructuring of part of its gold reserves between July 2025 and January 2026.

The bank said it upgraded nearly 129 tons of gold, representing close to 5% of its total reserves, replacing older bars that did not meet standards with new bars that comply with international specifications.

It noted that this quantity was the last remaining French gold stored in the United States, which was replaced with gold purchased from the European market and transferred to Paris.

This step is part of a strategy the bank began in 2005 to update its reserves, after it had previously moved the bulk of them from the U.S. Federal Reserve and the Bank of England during the 1960s.

Instead of reprocessing and relocating the remaining amount from the United States, the bank preferred to sell it and repurchase compliant bars from Europe, benefiting from higher benchmark gold prices, as it carried out 26 transactions through which it realized these gains.

According to data, France’s gold reserves total about 2,437 tons, making it the world’s fourth-largest holder of gold, and all of it is currently kept in Paris, including about 134 tons of old bars and coins, which the bank plans to fully update by 2028.

$XAUUSD $XAUUSD200
#GateSquareAprilPostingChallenge #WeekendCryptoHoldingGuide