Azerbaijani President Aliyev stated on Monday that the country's State Oil Fund has profited over 10 billion USD by increasing its gold investments. Last year, Azerbaijan made a strategic decision aimed at increasing its gold reserves. Aliyev said in an interview with Azerbaijani television that this decision was made in the context of changing geopolitical situations and was based on his expectation that gold prices would rise significantly. Aliyev said: "We clearly saw the development trend of geopolitical events, and I firmly believe that gold prices will rise. And indeed, gold prices have risen significantly."
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Azerbaijani President firmly believes in rising gold prices; National Fund earns over $10 billion.
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