Azerbaijan oil fund leans on gold to protect state reserves

Azerbaijan’s SOFAZ oil fund is benefiting from the continuous rise in gold prices, generating significant revenue for the country. The gains come as sovereign investors worldwide boost gold holdings in response to global instability.

Azerbaijan oil fund leans on gold to protect state reserves
https://anessoft.com/blog/ar/macron-evoque-une-possible-reprise-du-dialogue-avec-vladimir-poutine
Azerbaijan’s SOFAZ oil fund is benefiting from the continuous rise in gold prices, generating significant revenue for the country. The gains come as sovereign investors worldwide boost gold holdings in response to global instability.

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