Kazakhstan ranks seventh in expanding gold reserves, boosting holdings by 151 tons from 2013 to 2023.
Kazakhstan ranks seventh among countries that have been actively increasing their gold reserves. Over the past decade, the nation added 151 tons of gold to its reserves.
Leading the way is Russia, which significantly expanded its reserves by 1,298 tons, followed by China with an increase of 1,181 tons and Türkiye, which added 424 tons.
Poland follows in fourth place with 256 tons, while India and Uzbekistan boosted their reserves by 246 and 154 tons, respectively. After Kazakhstan, Singapore added 103 tons, Iraq 100 tons, and Thailand 92 tons.
In Kazakhstan, gold prices have surged this year, rising by 31%, according to the National Bank. The price per gram reached 39,889 tenge (about US$81.76) as of September 20, up from 30,323 tenge (approximately US$62.16) at the start of the year. Additionally, December futures have shown positive growth, increasing by 0.35% to $2,623 per ounce.
The World Gold Council's 2024 Central Bank Gold Reserves Survey indicates that the ongoing geopolitical tensions and challenging financial climate are driving demand for gold. In 2023, central banks around the world collectively added 1,037 tons of gold, marking the second-highest annual acquisition in history after a record 1,082 tons in 2022.
Central banks continue to favor gold as a reserve asset, with the survey—conducted from February 19 to April 30 among 70 participants—revealing that 29% of central banks plan to increase their gold reserves within the next year. This is the highest intention recorded since the survey's inception in 2018.
The motivations behind these planned purchases include a desire to adjust to a more favorable strategic level of gold holdings, domestic gold production, and concerns over financial markets, such as rising crisis risks and inflation.
The Pentagon has threatened to designate artificial intelligence firm Anthropic as a “supply chain risk” amid a dispute over the military use of i...
Representatives of Ukraine, Russia and the United States are set to meet in Geneva for a third round of trilateral negotiations aimed at ending the ne...
Israeli airstrikes on southern Lebanon killed two people in the past 12 hours, Lebanon’s Health Ministry said on Tuesday....
The Prime Minister, Mark Carney, announced on 16 February that the Honourable Janice Charette has been appointed as the next Chief Trade Negotiator to...
Cuba’s fuel crisis has turned into a waste crisis, with garbage piling up on most street corners in Havana as many collection trucks lack enough pet...
Kazakhstan’s proposed constitutional changes could improve domestic stability and support its multi-vector foreign policy, a regional analyst says, but concerns remain about leadership changes and economic uncertainty.
Plans for sweeping constitutional changes in Kazakhstan have sparked controversy, with civil society representatives accusing the authorities of rushing reforms without sufficient transparency or a clear public mandate.
The European Union has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time the bloc would target ports in third countries, a proposal document showed on Monday.
Kazakhstan has significantly expanded its international air connectivity last year, reopening and launching flights to 30 countries according to data released by the country’s transport authorities. By the end of 2025, Kazakhstan was operating 135 international routes.
U.S. Ambassador to NATO Matthew Whitaker said China has the power to bring an end to Russia’s war in Ukraine, arguing that Beijing is enabling Moscow’s military campaign.
Iran’s Supreme National Security Council Secretary Ali Larijani said the United States could evaluate its own interests separately from those of Israel in ongoing negotiations between Tehran and Washington.
U.S. Secretary of State Marco Rubio on Sunday (15 February) called it “troubling” a report by five European allies blaming Russia for killing late Kremlin critic Alexei Navalny using a toxin from poison dart frogs.
Ukrainian President Volodymyr Zelenskyy said on Saturday that Russia’s decision to change the leadership of its delegation for upcoming peace talks in Geneva appeared to be an attempt to delay progress.
Cuba’s fuel crisis has turned into a waste crisis, with garbage piling up on most street corners in Havana as many collection trucks lack enough petrol to operate.
Israeli airstrikes on southern Lebanon killed two people in the past 12 hours, Lebanon’s Health Ministry said on Tuesday.
Jordan’s King Abdullah II warned on Monday that what he described as “illegal” Israeli measures in the occupied West Bank risk undermining de-escalation efforts and inflaming regional tensions.
Ankara has condemned an Israeli plan to register large areas of the occupied West Bank as state property, a move widely criticised internationally and described by the UN and the International Court of Justice as inconsistent with international law governing occupied territories.
Kyrgyz President Sadyr Japarov has moved swiftly to consolidate his authority following the dismissal of his long-time ally Kamchybek Tashiev, head of the State Committee for National Security (SCNS).
Iran’s Foreign Minister Abbas Araghchi arrived in Geneva on Monday ahead of a second round of indirect nuclear talks with the United States, according to Iranian state media.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment