# Kazakhstan Central Bank Cuts Gold Reserves to 75% by Year-End

> Kazakhstan Central Bank plans to reduce gold reserves from 78% to 75% of foreign exchange reserves by year-end, shifting toward dollar assets amid rising US Treasury yields.
- Title: Kazakhstan Central Bank Cuts Gold Reserves to 75% by Year-End
- Summary: Kazakhstan Central Bank plans to reduce gold reserves from 78% to 75% of foreign exchange reserves by year-end, shifting toward dollar assets amid rising US…
- Keywords: kazakhstan central bank, gold reserves, us treasury yields, dollar assets, foreign exchange reserves, central bank gold purchases, treasury yields, reserve allocation, finance, markets, Kazakhstan, Central
- Source: BigGo Finance — https://finance.biggo.com/news/9a7f7600-8021-48ae-9958-b3310ebc8e0e
- Author: BigGo Finance
- Published: 2026-10-12T16:05:21+00:00
- Read time: 1 min
- Topics: kazakhstan central bank, gold reserves, us treasury yields, dollar assets, foreign exchange reserves, central bank gold purchases, treasury yields, reserve allocation, finance, markets
## Kazakhstan Central Bank Adjusts Gold Reserves
Kazakhstan Central Bank plans to reduce gold's share of foreign exchange reserves from 78% to 75% by year-end.

> We haven't seen yield levels like this in a very long time.
## US Treasury Yields Rise to 24-Year High
US 10-year Treasury yields climbed to a 24-year high, enhancing dollar assets while eroding gold's appeal.
## Gold Holdings at 386 Tons
Central bank holds 386 tons of gold, accounting for 78% of $66.4 billion foreign exchange reserves.
## Reduction Through Option and Physical Sales
Deputy Governor Aliya Moldabekova said reduction will be split equally between option sales and physical gold sales.
## Global Central Bank Gold Trends Diverge
Turkey and Russia reduced gold holdings, while Poland, China, and Uzbekistan continue accumulating gold.
## Gold Price Impact on Reduction Pace
If gold prices fall below $4,000 per ounce, gold's share of reserves could automatically drift toward 75% target.
## Central Bank Gold Allocation Shift
Central banks may adjust holdings even if gold remains important, due to higher yields and liquidity needs.
## What Happens Next for Gold
Kazakhstan Central Bank will first achieve 75% gold allocation target before deciding on further actions.
## Key takeaway

Kazakhstan Central Bank will lower gold's share of foreign exchange reserves to 75% by year-end as US Treasury yields rise, shifting toward dollar-denominated assets.