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flag Bulgaria bought record gold to prepare for euro adoption in 2026 amid rising global demand and prices.

flag Bulgaria’s central bank has purchased 2,053.2 kilograms of gold, its largest acquisition since 1997, in preparation for adopting the euro on January 1, 2026. flag The move ensures compliance with Eurosystem rules and maintains access to revenue streams. flag The purchase, representing less than 1% of reserves, coincides with gold reaching a record $4,049.56 per ounce in October 2025, fueled by rising central bank demand, geopolitical tensions, and expectations of U.S. rate cuts. flag Gold has more than doubled in value over two years and outperformed equities since 2000, with strong investor demand seen in ETF inflows and forecasts for 2026 prices rising to $4,900 per ounce.

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