Azerbaijan's State Oil Fund Sells 22 Tonnes of Gold in Q1 2026, Impacting Global Gold Markets
In the first quarter of 2026, the State Oil Fund of the Republic of Azerbaijan sold nearly 22 tonnes of gold. This significant transaction was reported by Kitco News on April 25, 2026. The sale is part of the fund's strategy to manage its assets and diversify its portfolio. The State Oil Fund, established to manage Azerbaijan's oil revenues, has been actively involved in the global financial markets, and this gold sale marks a notable move in its investment strategy. The fund's decision to sell such a large quantity of gold could influence global gold prices and market dynamics, given the substantial volume involved.