The Economic Times

Frances secret gold strategy explained: How Banque de France turned US-held bullion into 12.8 billion profit

France gold profit strategy: France's central bank has completed a strategic move to bring its gold reserves entirely to Paris. Instead of physically transporting gold, it sold older bars in New York at peak prices. The proceeds were used to buy new, high-standard gold in Europe. This smart financial maneuver generated a substantial profit for the bank and modernized its reserves.