Gold Ten Summary: Others are rushing to buy, but which countries are "going against the trend" and selling gold recently?

1. Poland
① According to informed sources, the Governor of the Polish Central Bank proposed selling part of its approximately 550 tons of gold reserves to raise up to 48 billion zloty (about $13 billion) to fund national defense spending. The plan has received support from the Polish President. Data shows that the Polish Central Bank has been the largest publicly reported gold buyer worldwide.
2. Venezuela
① Two sources revealed that Venezuela's state-owned mining company signed a multi-million dollar agreement on Monday to sell up to 1,000 kilograms of gold on the U.S. market. It is understood that the U.S. Secretary of the Interior previously arrived in Venezuela to discuss oil and mineral opportunities and helped facilitate this gold deal.
② Data from the Venezuelan Central Bank's website shows that the bank sold nearly 6 tons of gold in the second half of last year to address the country's severe dollar shortage.
3. Dubai
① Due to Middle Eastern conflicts causing flight cancellations and hindering suppliers from shipping gold bars out of this key trading hub, Dubai gold is being sold at significant discounts. Informed sources say traders are offering discounts of up to $30 per ounce below the London Bullion Market Association (LBMA) benchmark price to avoid indefinite storage and financing costs.
4. Lebanon
① According to foreign media reports, Lebanese bankers and politicians are considering selling or leasing part of the central bank's massive gold reserves as a way to save the country's economy. It is understood that the country's central bank holds over 280 tons of gold, second only to Saudi Arabia in the Middle East. However, this proposal has faced strong opposition from the public.
5. Russia
① According to data from the Russian Central Bank, the country sold 300,000 ounces of gold in January, reducing its reserves to 74.5 million ounces. This is the first decline in the country's gold reserves since October last year, with an estimated cash-out of about $1.4 billion. The move aims to help fill the country's budget deficit.
6. Bulgaria
① Data from the World Gold Council shows that Bulgaria's National Bank sold 2 tons of gold reserves in January. This move is part of the country's efforts to join the Eurozone by transferring gold reserves to the European Central Bank.
7. Other countries
① According to the World Gold Council, Kazakhstan and Kyrgyzstan sold small amounts of gold reserves in January, each selling 1 ton.