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2 hours agoDue to rising gold prices, the move helped the bank to generate a capital gain of €13 billion ($15 billion), bringing it to a net profit of €8.1 billion for the 2025 financial year after a net loss of €7.7 billion in 2024.
If they sold gold in New York to buy gold in Europe, how did they turn a profit? Is this some accounting magic I’m too poor to understand?

Hah, nice. Thank you for the link.