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06.04.26 - 21:21
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As France Yanks Last US-Based Gold Reserves, UBS Expects Demand From China To Persist (ZeroHedge)
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As France Yanks Last US-Based Gold Reserves, UBS Expects Demand From China To Persist
When France repatriates its gold, it has historically been worth paying attention to (think De Gaulle's demands culminating in the 'Nixon Shock').
However, then (as now), there was no cliff-like event, it was a slow-building crisis and perhaps the news that Gold has officially emptied its US-stored gold reserves (held in New York) is another straw on the back of the fiat standard to keep an eye on.
RFI reports that The Banque de France (BdF) announced last week that it generated a capital gain of €12.8 billion after upgrading 129 tonnes of gold – about 5% of France's total reserves – between July 2025 and January 2026.
The gold was the last of the French reserves held in New York. It was replaced with the equivalent amount bought in Europe and held in Paris.
The BdF has been gradually replacing older, non‑standard gold with bars that meet modern international standards since 2005.
It moved t...
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06.04.26 - 05:00
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Gold may reverse course once Iran war ends, Fed adopts policy easing (SCMP)
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Gold is likely to stabilise and resume its record-setting uptrend once Middle East tensions recede and new leadership at the US Federal Reserve adopts a policy of monetary easing, according to global financial institutions.
The yellow metal would quickly rebound above US$5,000 an ounce as long as crude oil slipped back to between US$80 and US$85 a barrel, according to a report by William Blair, the US investment banking and wealth-management company.
Lombard Odier, the Swiss private banking and......
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