New York Fed holds largest single store of monetary gold

4 articles · Updated · The New York Times · May 1

As of end-2024, its vaults contained more than 500,000 bars, while London’s Bank of England remained another major storage hub for foreign central banks and institutions.
Gold’s renewed appeal as a hedge against global risk has sharpened focus on storage location, because New York and London combine deep trading markets with long-established secure custody.
The United States still has the biggest national reserves, but emerging-economy central banks are now the main buyers, while sanctions risks have made overseas storage politically sensitive for some countries.

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