Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Azerbaijan’s State Oil Fund reduces gold holdings for the first time, selling 3 billion USD worth of gold

Azerbaijan’s State Oil Fund reduces gold holdings for the first time, selling 3 billion USD worth of gold

老虎证券老虎证券2026/04/24 15:48
Show original
Previously, the gold price surged to record highs, causing the sovereign wealth fund’s gold holdings to reach its allocation cap. According to the fund’s quarterly report, this batch of gold is valued at more than $3 billion at current prices, marking the first time the fund has reduced its gold reserves since it began increasing its holdings in 2012. In recent years, the State Oil Fund of Azerbaijan has been one of the world’s largest state gold purchasers, joining central banks from various countries as a driving force behind gold prices repeatedly reaching historic highs.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

"Big Short" Burry opens a position in QXO (QXO.US), betting on building products integration and undervaluation; stock price rises over 7%

Investor Michael Burry disclosed that he has purchased common and preferred shares of QXO (QXO.US), a building products company, citing its integration strategy and the currently depressed stock price. The stock surged 7.2% on Monday.

智通财经2026/09/21 23:36

700,000 new elderly patients join, Eli Lilly (LLY.US) dominates 70%: The first Medicare weight loss drug coverage report released

Dave Ricks, CEO of Eli Lilly (LLY.US), said in an interview on Monday that since Medicare began coverage for obesity drugs in July, 700,000 new elderly patients have started using GLP-1 medications.

智通财经2026/09/21 23:31