For SOFAZ, gold is used as a hedge against external shocks, inflation and broader market stress. A larger allocation can help protect capital and reduce exposure to volatility. The State Oil Fund of Azerbaijan (SOFAZ) is the country’s sovereign wealth fund, created to manage revenues from oil and gas exports and support long-term economic stability. It plays a key role in funding the state budget and strategic projects. As of 1 January 2026, gold made up 38.2% of its investment portfolio, up

Tag-uri: Inflatie