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.
Belarus and Kazakhstan enhance trade cooperation by expanding exchange trading. BUCE reports a 36% rise in Kazakhstani transactions, with key exports including timber, dairy, and metals.
The United Nations Development Programme has kicked off a project aimed at supporting the resilience of agricultural production and conserving ecosystems in Northern Kazakhstan.
Azerbaijan and Kazakhstan have signed an agreement to design and build the Trans-Caspian Fiber Optic Cable Line, which will connect the two countries as part of the Digital Silk Way project.
President Ilham Aliyev of Azerbaijan received Kazakhstan’s Prime Minister Olzhas Bektenov today in a meeting that underscored the deepening bilateral relations between the two nations.
Kazakhstan authorities has proposed to impose six-month ban on export of oil products
Canada’s Liberal Party is set to elect a new leader on March 9, moving beyond Justin Trudeau’s decade in power. The race comes as U.S. President Donald Trump’s threats against Canada fuel a wave of patriotism ahead of an expected election.
French President Emmanuel Macron dismissed Russia’s criticism on Thursday, after the Kremlin warned him over nuclear rhetoric. Speaking at an EU summit in Brussels, he accused Moscow of imperialism and said Russia’s strong reaction showed his claims were true.
Torrential rains triggered severe flooding in eastern Spain on Thursday, sweeping away cars and forcing school evacuations. Authorities closed roads in Murcia, Valencia, and Catalonia, with officials urging residents to stay indoors.
Ukrainian President Volodymyr Zelenskyy announced he will visit Saudi Arabia on Monday to meet Crown Prince Mohammed bin Salman, aiming to advance peace efforts. His team will remain in the country for talks with U.S. partners, he said in a Telegram post.
North Korea criticised upcoming U.S.-South Korea military drills on Friday, warning they would worsen tensions on the Korean Peninsula, state media KCNA reported. The annual Freedom Shield exercises are set to begin on Monday and last until March 20.
Norway’s government has affirmed that it will continue to supply fuel for U.S. Navy vessels, dismissing recent calls from a private marine fuel supplier to halt deliveries amid tensions linked to U.S.-Ukrainian relations.
President Donald Trump is preparing a new travel ban that could block entry for people from Afghanistan and Pakistan as early as next week. The move is part of an intensified immigration crackdown.
EU High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Kaja Kallas, will chair the 20th EU-Central Asia Ministerial meeting hosted this year by Turkmenistan, in Ashgabat, on 4 March.
Watch AnewZ Live Coverage of the Trump-Zelenskyy meeting at the Oval Office at https://anewz.tv/tv-live
Ukrainian President Volodymyr Zelenskyy reaffirmed his respect for the United States and its people in an interview with Fox News, following a tense meeting with U.S. President Donald Trump at the White House.
Italy’s parliament has rejected opposition amendments aimed at restricting the government from acquiring satellite services from companies outside the European Union.
Preparations for the 2025 Formula 1 Qatar Airways Azerbaijan Grand Prix have begun, with the paddock reconstruction underway on Neftchilar Avenue, Baku. The race will take place from September 19-21, offering another thrilling event for the city.
The Georgian Foreign Ministry has expressed concern over the worsening security, humanitarian, and human rights situation in the Russia-occupied regions, along with the ongoing illegal militarization.
Kyrgyzstan and Tajikistan have agreed to exchange disputed border areas, addressing long-standing conflicts, according to Kyrgyz President Sadyr Japarov. The agreement, signed on February 21, aims to resolve territorial issues permanently, with both countries’ interests taken into account.
The Russian Foreign Ministry has handed a note to Moldovan Ambassador Lilian Darii, demanding an explanation of why the country’s President Maia Sandu has not yet received the credentials of Russian envoy to Chisinau Oleg Ozerov.
Canada’s Liberal Party is set to elect a new leader on March 9, moving beyond Justin Trudeau’s decade in power. The race comes as U.S. President Donald Trump’s threats against Canada fuel a wave of patriotism ahead of an expected election.
French President Emmanuel Macron dismissed Russia’s criticism on Thursday, after the Kremlin warned him over nuclear rhetoric. Speaking at an EU summit in Brussels, he accused Moscow of imperialism and said Russia’s strong reaction showed his claims were true.
Torrential rains triggered severe flooding in eastern Spain on Thursday, sweeping away cars and forcing school evacuations. Authorities closed roads in Murcia, Valencia, and Catalonia, with officials urging residents to stay indoors.
Ukrainian President Volodymyr Zelenskyy announced he will visit Saudi Arabia on Monday to meet Crown Prince Mohammed bin Salman, aiming to advance peace efforts. His team will remain in the country for talks with U.S. partners, he said in a Telegram post.
North Korea criticised upcoming U.S.-South Korea military drills on Friday, warning they would worsen tensions on the Korean Peninsula, state media KCNA reported. The annual Freedom Shield exercises are set to begin on Monday and last until March 20.
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