Business
Azerbaijan oil fund leans on gold to protect state reserves
Azerbaijan’s SOFAZ oil fund is benefiting from the continuous rise in gold prices, generating significant revenue for the country. The gains come as sovereign investors worldwide boost gold holdings in response to global instability.
Business
Gold and silver hit record high then fall sharply in volatile week
The price of gold fell from a record $5,600 to $4,770 per ounce. On Friday, the price of silver fell by 31%. This is the biggest percentage drop in the price of this bullion since March 1980. What could be the reasons for such declines?