CNBC: Central banks sell gold reserves amid oil crisis

Central banks in several countries have begun actively reducing their gold reserves amid liquidity pressures linked to the war in the Middle East.

Analysts said that, in recent months, regulators in major economies have shifted from buying gold, at record levels to selling it, Caliber.Az reports, citing CNBC.

Gold prices have fallen by around 12% from their January peak, entering a period of decline.

Central banks in developing countries have been the most active sellers.

In 2026, Türkiye emerged as the most notable seller, reducing its gold reserves by 131 tonnes.

Ghana has also sold part of its holdings, while Poland is reported to have considered the possibility of offloading reserves.

By Bakhtiyar Abbasov