Bank of France reduces gold holding

Bank of France Governor Christian Noyer said in an interview that he has "no special plan to modify the composition" of the central bank's foreign-exchange reserves this year as the bank offloads gold to buy currencies.

"We're just adapting to the evolution I signalled between gold and currencies," Noyer, 54, said in an interview in Paris on Friday. The institution's foreign-currency reserves "are historically mainly in US dollars" with a "little historical diversification in other currencies.