The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has increased its investment in gold, APA-Economics reports, citing SOFAZ.
Note that SOFAZ purchased more than 38 tons of gold during the first 9 months of this year. Thus, while the Fund's gold reserves amounted to 146.6 tons as of January 1, 2025, this figure increased to 184.8 tons as of October 1. In other words, SOFAZ increased its gold reserves by 38.2 tons in the last 9 months.