The price of gold is typically quoted in US dollars per ounce, but it can also be quoted in other currencies. Changes in exchange rates can therefore have an impact on the price of gold.

The largest gold bar in the US gold reserve weighs 400 ounces, or about 27 pounds. These bars are held in the United States Bullion Depository at Fort Knox.

1. The US gold reserve is the largest of any country in the world, accounting for about 25% of global gold reserves. The next largest gold reserve is held by Germany, which has about 3,360 tons of gold.

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The US government periodically audits its gold holdings to ensure that the bars are still in good condition and that the quantity matches the official records. The most recent audit of the gold at Fort Knox was conducted in 2018.

1. The US government has not sold any significant amount of gold from its reserve since the 1970s. The gold reserve is seen as a long-term asset that can be used to support the US economy in times of crisis or to provide a hedge against inflation.