
Gold Prices Plunge Over 2% as Oil Surge Fuels Rate Hike Worries
Gold prices dropped 2.1% to $4,043.14 on Thursday from a two-week high as oil surged near $100 and Fed rate hike bets rose. Focus on next week's Fed meeting.

Gold prices dropped 2.1% to $4,043.14 on Thursday from a two-week high as oil surged near $100 and Fed rate hike bets rose. Focus on next week's Fed meeting.

Real wages in Kazakhstan fell 2.3% in Q1 2026 due to inflation, with IT, education, and hospitality hit hardest. Agriculture and finance saw growth, per BCC Invest.

In 2025, Kazakhstan exported $16.9 billion in critical raw materials, with China as top buyer. Deep processing is key to higher revenue, analysts say.

Butadiene, part of Samruk-Kazyna, plans to raise 543.5M yuan ($80M) via one-year bonds on AIX for a butadiene plant after Tatneft's exit from the project.

Turkey's central bank held rate at 37% for fourth consecutive meeting as inflation slowed to 32.11%. Regulator maintains tight policy until 5% target.

According to the May 2026 Safest Countries for Investors ranking, Kazakhstan moved from 70th to 53rd place among 150 countries, improving by 17 spots in six months.

Kazakhstan sent 97.8 billion tenge to Russia in Jan-May 2026, up 15.8% year-on-year, as Russia's share of outbound transfers rose to 41.1%. Transfers to Uzbekistan and Turkey fell.

Less than half of working Kazakhs regularly contribute to pensions, AFK analysis shows. UAPF savings reached 27.7 trillion tenge. Expanding coverage and trust are critical.

Kazakhstanis sent 238 billion tenge abroad in January-May 2026, down 7.2% year-on-year, while inbound transfers fell 9.9% to 78.1 billion tenge, according to ranking.kz.

The Russian ruble weakened 8.4% against the Kazakh tenge in July, falling to 5.99 tenge, amid reduced forex sales by the central bank and fuel market tensions.

Kazakhstan's postal operator Kazpost doubled losses to 1.1 billion tenge in H1 2026. Revenue and expenses fell, but interest income kept the company profitable.

The dollar's share in global trade fell to 58% as central banks diversify reserves. In Kazakhstan, demand for cash dollars hit a year low, though dollar deposits rose.

Wildberries begins payouts to sellers after warehouse attacks. Over 88,000 sellers receive first payments on July 22, Tatiana Kim said. Details on infohub.kz.

Farmers in Kostanay region question new livestock loans over unrealistic timelines, insufficient amounts, and strict requirements, calling for a roadmap and advisory commission.

Kazakhstan housing market analysis for H2 2026: experts see no price drop, mortgages remain expensive, subsidies support demand. Forecasts and advice.

In H1 2026, Kazakhstan's refineries increased gasoline output to 3.04 mln tonnes, diesel to 3.15 mln, bitumen by 20%, and jet fuel by 13% year-on-year.

Kazakhstan's financial regulator clarifies QR code is under National Bank; reports license revocations, debt relief, and anti-fraud efforts including 163,000 prevented transactions.

Analyst Andrey Chebotarev criticizes Kazakhstan's unified QR code project as 'stillborn' due to high fees, arguing it offers no incentives for businesses.

The US dollar weakened to 467.65 tenge on Kazakhstan's stock exchange on July 22, down 1.57 tenge. The official exchange rate for July 23 has been set at 467.65 tenge.

Brent crude oil price rose to $93.84 per barrel, WTI to $87.03, hitting six-week highs amid Middle East supply disruption fears. Market eyes further gains.

Construction of Aidarly plant in Abai begins. It will process 75M t ore/yr, produce 226k t Cu, 3.55k t Mo, create 3,000 jobs, yield >1.43T tenge in taxes.

Private pension managers beat inflation in H1 2026; National Bank real return -0.89%. From Sept, Kazakhs can transfer 100% of savings to private managers.

Tama Gold, a gold exploration company in Kazakhstan, posted a 503 million tenge loss in 2025, widening from 16.7 million. It had no revenue in 2024-2025.

Kazakhstan's National Bank warns of counterfeit tenge: 57 counterfeit notes and coins detected in H1 2026, a 68.4% drop. The 2,000 tenge note was most common.