In other words, the regional instability is impacting Ilham Aliyev’s dictatorial regime and its assets via SOFAZ. Azerbaijan’s economy, which was already in decline, is now sliding into an even more dire state

In other words, the regional instability is impacting Ilham Aliyev’s dictatorial regime and its assets via SOFAZ. Azerbaijan’s economy, which was already in decline, is now sliding into an even more dire stateKitco NEWS (@KitcoNewsNOW)Iran war continues to impact sovereign gold holdings, with Azerbaijan and Pakistan the latest examples

(Kitco News) – The Iran war continues to impact the  #gold purchases and sales of central banks and state entities, destabilizing one of the pillars of the multi-year gold rally.

On Thursday, the State Oil Fund of Azerbaijan (SOFAZ) announced that they had suspended selling gold in the second quarter of 2026. The fund’s gold reserves totaled 178.1 tons as of the end of June, with the yellow metal representing a 31.4% share of SOFAZ’s investment portfolio.

“As a result of the U.S.-Iran conflict that began in the first quarter of 2026, high volatility was observed in global financial and energy markets, and the war had a negative impact on all investment directions,” the SOFAZ report stated…

Find the full article at Kitco  kitco.com/news/article/2026-…—  https://x.com/KitcoNewsNOW/status/2080370646823973167