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Kazakhstan Starts Gold Sales as Treasuries Burnish Dollar Appeal

Bloomberg Markets Monday 12 October 2026, 14:16 UTC By Nariman Gizitdinov 1 min read
Key Points

Kazakhstan Starts Gold Sales as Treasuries Burnish Dollar Appeal Kazakhstan’s central bank is switching from being one of the world’s biggest buyers of gold to a seller, as high Treasury yields reinforce the need to rebalance its reserves. Heavy central-bank buying has helped drive gold sharply higher in recent years, but the rally has stumbled as surging bond yields erode the appeal of the non-yielding metal. Ten-year Treasury yields climbed to a 24-year high last week.

Kazakhstan Starts Gold Sales as Treasuries Burnish Dollar Appeal Kazakhstan’s central bank is switching from being one of the world’s biggest buyers of gold to a seller, as high Treasury yields reinforce the need to rebalance its reserves. Heavy central-bank buying has helped drive gold sharply higher in recent years, but the rally has stumbled as surging bond yields erode the appeal of the non-yielding metal. Ten-year Treasury yields climbed to a 24-year high last week.
Kazakhstan Starts Gold Sales (ORG) Treasuries (ORG) Kazakhstan (LOCATION) Treasury (ORG)
Originally published by Bloomberg Markets Read original →

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