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European countries are withdrawing their gold from the United States Central Reserve Bank (Federal Reserve) due to international geopolitical instability and economic self-reliance. France has taken the latest and greatest step in this list. The country has officially withdrawn all of its remaining gold held by the US Federal Reserve into its own vaults.
The US media reported this information in a report of Newsweek.
The report says,The country has sold the remaining 129 tonnes of gold held by the Federal Reserve Bank of France. But with the proceeds of this sale, they bought an equal amount of new gold and stored it directly in their vaults in Paris. Through this, France's gold reserves at the US central bank have now dropped to zero.
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