The global precious metals market continues its historic growth cycle. Despite a local decline
in accounting prices in Kazakhstan (77,346.35 tenge per gram as of February 6 compared to
82,164 tenge a week earlier), global indicators demonstrate exceptional strength.
Key indicators for investors:
New highs: On the Chicago Mercantile Exchange (CME), February gold futures
reached $5,626.8 per ounce.
Performance dynamics: Since the beginning of 2026, the asset has gained more
than 27%, building on the success of 2025, when growth reached an impressive 64%.
Demand drivers: The primary factor remains the “flight to quality.”
Institutional investors continue reallocating portfolios into safe-haven assets amid
macroeconomic uncertainty.
Summary
The current correction in Kazakhstan’s domestic market may be viewed as a local phenomenon,
while the global bullish trend maintains momentum, supported by strong demand for gold as a
risk-hedging instrument.
