finance
Azerbaijan's State Oil Fund Sells 22 Tons of Gold After Allocation Hits Maximum Threshold
Azerbaijan's sovereign wealth fund sold approximately 22 tons of gold in the first quarter of 2026. The sale came after a record-breaking rally elevated the fund's gold allocation to its upper limit. @business reported the details of the transaction.
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Azerbaijan's State Oil Fund sold about 22 tons of gold in the first quarter of 2026, @business reported. The transaction followed a record-breaking rally that pushed the sovereign wealth fund's allocation of gold to its maximum threshold. The sale occurred after the gold allocation reached that maximum threshold, according to the report.
The rally marked a significant increase in gold values, prompting the fund to adjust its holdings to stay within predefined limits.
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