Supportive
Why France’s gold move may hold a cue for India in a post-Trumpian world
The Bank of France's prudent decision to repatriate its gold from New York underscores growing global distrust regarding potential US financial weaponization. While officially a technical upgrade, the move substantially bolsters France's national wealth and security, as gold serves as a crucial safe haven and hedging tool. The author advocates that India, already increasing its gold holdings, should follow suit by repatriating and diversifying its forex reserves. This strategy mitigates geopolitical risks and asserts greater national control over vital assets.
LiveMint · Mint Editorial Board · May 1, 2026 at 12:30 AM