Azerbaijan’s state oil fund sells nearly 22 tonnes of gold in Q1
Central bank gold demand continues to play an important role in the global marketplace; however, price action has been more fluid in recent months, as some institutions have been forced to monetize or sell their official reserves.
One significant gold seller in the new year has been the State Oil Fund of the Republic of Azerbaijan (SOFAZ), which reduced its holdings by 21.9 tonnes during the first quarter.
According to media reports, the sovereign wealth fund reduced its exposure to to 35.6%, down from the 38.2% reported in the fourth quarter of 2025…
Article at Kitco:
kitco.com/news/article/2026-…
Azerbaijan’s state oil fund sells nearly 22 tonnes of gold in Q1
