Azerbaijan’s State Oil Fund plans to increase gold reserves to 170 tons

Tokyo, 6 March, /AJMEDIA/

The State Oil Fund of Azerbaijan (SOFAZ) plans to increase its gold reserves to 170 tons by April-May 2025.

As of last year, SOFAZ held 146.6 tons of gold, valued at $12.4 billion. The price of gold saw a 27.22% increase in 2024.

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