French Central Bank Repatriates Gold Reserves, Nets €13 Billion

France's central bank sold its remaining gold reserves held in the US Federal Reserve, replacing them with higher quality bars in Paris and profiting nearly €13 billion from rising gold prices.

4 Apr, 14:41 — 4 Apr, 14:41

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rfi-englishMostly Factual2h ago

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.

By RFI

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French Central Bank Repatriates Gold Reserves, Nets €13 Billion

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French central bank nets €13bn by pulling gold out of US reserves

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