Bundesbank Brings Home 220 Metric Tons of Gold

The Bundesbank transferred around 110 metric tons of gold from Paris and just under 100 tons from New York to its Frankfurt vaults last year, turning the city into the biggest storage site for Germany’s reserves. The central bank plans to bring another 307 tons of the precious metal home in the next five years. That means slightly more than half of Germany’s gold will be held within the country by 2020, about a third at the Federal Reserve and the remaining 13 percent at the Bank of England. None will be located at the French central bank.

via Bloomberg

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza