Kazakhstan’s central bank plans to reduce its gold holdings as U.S. Treasury yields surge

Crypto Insight Summary: Kazakhstan, one of the world’s biggest gold buyers, is preparing to sell some holdings as U.S. Treasury yields soar. Bonds now offer returns that bullion cannot: gold itself pays no interest. The National Bank of Kazakhstan wants gold’s weight in its reserves to reduce from 78% to 75% by year-end. Reserves amounted to 386 tons... Crypto Insight Analysis: Direction: Bearish XAU Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Kazakhstan's gold sale could pressure gold prices in the short term.