List Of Countries With Gold In US Federal Reserve
With France having withdrawn all it’s remaining gold in the U.S. Federal Reserve, which does not own any itself, Newsweek has compiled a list of entities around the world which still hold bullion with the central bank.
These include the U.S. and foreign governments, central banks and official international organizations.
Newsweek has contacted the Federal Reserve via an online contact form for comment.
Why It Matters
France’s central bank said its decision to withdraw is a practical financial decision, not a political one. Whether more countries will follow suit remains to be seen.
Gold reserves are a safe haven during global trade uncertainties and an essential component of national wealth and financial security. They are often used as a hedging tool against inflation and currency fluctuations.
New York, the location of one of the Fed’s 12 regional banks, has long been one of the most important trading hubs in the world for gold, alongside London.
In 2025, the price of gold hit an all-time high, topping $3,500 per troy ounce for the first time in history. Goldman Sachs predicted that same year that the price of gold would rise to around $4,000, an increase of approximately 6 percent.
According to Bullion, as of reporting on Thursday morning, the price of gold per ounce was $4,805.30.
List of Countries With Gold in the U.S. Federal Reserve
Below is a list of countries that are known to have gold in the Federal Reserve.
Germany
Germany stores gold in the New York Federal Reserve in Manhattan, as per the Financial Times.
Lebanon
Lebanon also keeps an estimated 40 percent of its gold reserves in New York, according to Bunker Blog.
India
India stores gold in multiple foreign vaults, including New York as per NDTV.
Italy
Italy keeps over a third of it’s gold in the New York Federal Reserve in Manhattan, as per the Financial Times.
Netherlands
The Netherlands have gold reserves in New York, Ottawa and London. Back in 2014, 122.5 tons of Dutch gold reserves were returned to Amsterdam from New York. The Dutch Central Bank said in times of financial crisis, it was better to have the gold near at hand.
This list is not exhaustive, as multiple countries do not publicly reveal where their gold reserves are stored.
Both Germany and Italy faced calls to move their gold out of New York in 2025 in response to President Donald Trump’s rhetoric on the Federal Reserve, tariffs and increased geopolitical turbulence.
Emanuel Mönch, the former head of research at Germany’s federal bank, the Bundesbank, said in a recent interview with the German financial newspaper, Handelsblatt, “Given the current geopolitical situation, it seems risky to store so much gold in the U.S.”