U.S. holds over $1 trillion in gold reserves, with Fort Knox storing 147.3 million ounces, officials confirm.
U.S. Treasury officials confirmed Fort Knox holds 147.3 million ounces of gold, part of the nation’s $1 trillion-plus reserves. The statement followed inquiries about the security and presence of the bullion, which remains under strict oversight and periodic audits.
The Fort Knox Bullion Depository, operational since 1936, stores a portion of U.S. gold reserves. The U.S. Mint states the facility allows no public access and has only released minimal quantities for testing. The U.S. maintains the world’s largest gold reserves, though the dollar is no longer backed by gold.
No immediate market reaction was reported following the confirmation, which reaffirmed existing reserve levels without new policy shifts.