Gold rises, silver slips

 Gold futures rose 0.07% to $3,361 per troy ounce, according to exchange data.

On COMEX, September silver futures fell 0.59% to $37.59 per ounce.

In 2024, Azerbaijan produced 2,663.5 kg of gold and 3,184.9 kg of silver. In June this year, the country exported $22.97 million worth of gold, up 81.4% from a year earlier.

Non-oil exports increased 9.9% year-on-year in the first half of 2025 to $1.8 billion.

The State Oil Fund of Azerbaijan (SOFAZ) bought 15.8 tonnes of gold in the second quarter. As of July 1, gold accounted for 28.8% of its investment portfolio, up three percentage points from April, due to both purchases and higher global prices.

Aytaj Zeynalova