Gold futures rise to new record high of $3,450 per troy ounce
Images | Depositphotos
The price of gold futures for June 2025 hit a fresh record-high on Monday trading in New York, rising above $3,450 per troy ounce, Comex data shows, TASS reports.
As of 2:18 a.m. Moscow time on Tuesday (11:18 p.m. GMT on Monday), gold rose 1.72% to as high as $3,451,3 an ounce. By 2:25 a.m. Moscow time, the precious metal pared gains to trade at $3,449.5 per ounce (a 1.61% rise).
Earlier, gold futures at COMEX, a division of the New York Mercantile Exchange (NYMEX), renewed its all-time high, rising above $3,435 per ounce. On 4:08 p.m. Moscow time (1:08 p.m. GMT) on April 21, they surged 1.25% to as high as $3,436.6 per troy ounce.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
relevant news
National Bank to start regulating cryptocurrency in Kazakhstan
Images | Depositphotos
The National Bank has developed legislative amendments to regulate digital asset turnover in Kazakhstan, Kazinform News Agency reports citing Deputy Governor of the National Bank Berik Sholpankulov.
In line with the President’s directive, the National Bank jointly with interested government agencies has developed a package of legislative amendments shaping a legal framework for digital asset turnover," Sholpankulov said at a briefing.
The amendments include two blocks:
The first block is aimed at the launch of digital financial assets with the determination of legal status.
The second block is the introduction of regulation of the circulation of unsecured cryptocurrencies through licensing of crypto exchange service providers.
The National Bank is also introducing the Digital Asset Regulatory Sandbox which will enable the market participants to test various innovative services and technologies," Sholpankulov added.
Earlier it was reported that $TRUMP token holders invested record sums to secure meeting with US President. Blockchain analytics firm Nansen calculated that 220 individuals who earned the right to dine with President Donald Trump on Thursday in Washington collectively invested $394 million in his official cryptocurrency.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Olzhas Bektenov identifies Baiterek Holding's priority task of financing of real economy sector
Images | primeminister.kz
A meeting of the Board of Directors of Baiterek National Managing Holding was held under the chairmanship of Prime Minister Olzhas Bektenov. The focus of the session was on implementing the Head of State’s instructions regarding support for the real sector of the economy, primeminister.kz reports.
Members of the Board of Directors were briefed on the ongoing efforts by the Holding to expand business access to state support tools. Over the first three months of the year, the total amount allocated to support small and medium-sized businesses reached 439 billion tenge - a 28 % increase compared to the same period last year. The Development Bank of Kazakhstan financed 9 investment projects and 9 export operations worth 292.1 billion tenge. The Industrial Development Fund provided 75 leasing transactions and loans totaling 94.5 billion tenge.
In response to the President’s directive to strengthen the agro-industrial sector, over 3,200 agricultural entities received state support. Agricultural producers were financed for a total of 233.4 billion tenge, including 134.9 billion tenge allocated for spring fieldwork. As a result, Kazakhstani farmers acquired more than 1,200 units of agricultural machinery and equipment.
For the first time this year, a record amount of 8 trillion tenge is being allocated through Baiterek Holding’s instruments to finance large-scale industrial and infrastructure projects. These investments are expected to accelerate economic growth and generate new jobs.
One of the Holding’s top priorities is financing the real sector of the economy. Of the 8 trillion tenge planned for investment into the economy and key industrial and infrastructure projects, nearly 2 trillion has already been utilized. The pace is good, especially considering the construction season has only just entered its active phase. I want to emphasize the importance of coordinated and well-organized work across all Baiterek subsidiaries. This is not an easy task under current conditions, but I am confident we will fulfill our commitments. Provided the state meets its recapitalization obligations, I believe the Holding will deliver on its goal to inject 8 trillion tenge into the economy," Olzhas Bektenov stated.
The Ministries of National Economy and Finance have been tasked with ensuring the timely capitalization of the Holding.
Special attention was also given to the implementation of housing policy. In the first quarter of this year, more than 11,800 Kazakh families received housing support. Otbasy Bank issued loans worth 225.2 billion tenge, while Kazakhstan Housing Company provided guarantees totaling 27.6 billion tenge.
Following the meeting, a number of organizational and financial documents were adopted to improve the effectiveness of the Holding’s operations and enhance its investment policy.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
New special economic zone established in Kyzylorda region
Images | primeminister.kz
Prime Minister Olzhas Bektenov has signed a resolution to establish a special economic zone in Kyzylorda region, Kazinform News Agency reports.
The Qorqyt Ata SEZ will occupy an area of 550 hectares along the Western Europe - Western China international transport corridor.
The new SEZ is called to fast track the development of modern high productive and competitive enterprises, to attract investments, to introduce new technologies in economy, and to raise employment.
A special legal regime with the provision of tax and customs preferences will be introduced in the SEZ.
By 2049, the total volume of investments in the SEZ is set to exceed 150 billion tenge, with foreign investments projected to reach 80 billion tenge. The volume of production of goods and services is predicted at 500 billion tenge, with local content expected to reach 90%.
The SEZ is set to generate some 3,366 jobs within 25 years, while the number of resident companies will make 39.
As per the document, the special economic zones Ontustik, Astana-Technopolis, Saryarqa, Alatau and Aktobe received the status of a port area, as part of creation of multimodal aero-hubs and in line with the customs legislation.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Olzhas Bektenov discusses oil and gas projects with Peter Costello, Head of Exploration and Production at Shell
Images | primeminister.kz
Prime Minister of the Republic of Kazakhstan Olzhas Bektenov held a meeting with Peter Costello, President of Shell's Exploration and Production Division, primeminister.kz reports.
The discussions focused on the implementation of joint oil and gas projects and prospects for further cooperation. The meeting was also attended by Ali Al-Janabi, Senior Vice President and Chairman of Shell in Kazakhstan, and Suzanne Kugean, Vice President for Exploration in Key Countries and Namibia.
Shell is carrying out several major initiatives in Kazakhstan's oil and gas sector, including participation in the CPC pipeline project, the North Caspian and Karachaganak fields, modernization of the Pavlodar Oil Chemistry Refinery to produce winter diesel fuel, as well as geological exploration and scientific research of the subsoil.
Particular attention during the meeting was given to the construction of a gas processing plant with a capacity of 4 billion cubic meters per year at the Karachaganak field. The importance of its accelerated implementation was emphasized.
The development of the Kashagan field was also discussed. The parties reviewed plans to fast-track phases 2A and 2B, which include the construction of a 2.5 billion cubic meter per year gas processing plant and development of new sections of the field.
The Prime Minister expressed the Kazakhstan Government’s readiness for continued mutually beneficial cooperation.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.