Azerbaijan’s oil fund boosts gold holdings by 38 tonnes

The State Oil Fund of Azerbaijan (SOFAZ) has significantly increased its gold investments, purchasing more than 38 tonnes of the precious metal in the first nine months of 2025, the fund said.

SOFAZ’s gold reserves stood at 146.6 tonnes at the start of the year and rose to 184.8 tonnes by October 1, an increase of 38.2 tonnes during the period.