On April 25, in the first quarter of this year, the Azerbaijan State Oil Fund sold approximately 22 tons of gold. This sale was prompted by record-high gold prices, which pushed the sovereign wealth fund's gold allocation to its maximum limit. According to the fund's quarterly report, the sold gold reserves are valued at over $3 billion at current prices, marking the first reduction in gold reserves since the fund began purchasing gold in 2012.
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Azerbaijan Sells $3 Billion Worth of Gold for the First Time
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