Silver Intel Report
Battery Demand

Azerbaijan Sold Gold Worth $3 Billion in First Ever Drawdown

By Bloomberg Markets April 24, 2026 Bullish
Azerbaijan Sold Gold Worth $3 Billion in First Ever Drawdown
Azerbaijan’s State Oil Fund sold about 22 tons of gold in the first quarter of the year, after a record-breaking rally pushed the sovereign wealth fund’s allocation of the metal to its maximum threshold.
Azerbaijan’s State Oil Fund sold about 22 tons of gold in the first quarter of the year, after a record-breaking rally pushed the sovereign wealth fund’s allocation of the metal to its maximum threshold.