The Azerbaijan State News Agency

ECONOMY

State Oil Fund of Azerbaijan starts investing in gold

Baku, February 16 (AZERTAC). The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has begun investing in gold.

The investment aims to branch out the investment portfolio and increase income.

According to the press service of SOFAZ, investment portfolio of SOFAZ can be invested in gold.

SOFAZ has begun to purchase gold from the banks which are market-maker members of London Bullion Market Association (LBMA).

 

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