It was a paper shuffle mostly while dribs and drabs (current production) of physical went to China.
The west’s plan all along to enforce the Petrodollar was to confiscate back all the leased gold they retained in possession but not legally theirs.
Now the US is refusing to give Germany their gold and the west begins to eat their own…
The crux of the financial portion of petrodollar hegemony that has the world currently in flux.