Gold opens at its highest level since early June

Gold opened the new trading week at its highest price since early June this year, confirming sustained demand for the precious metal as a safe-haven asset. The price increase comes amid persistent geopolitical and macroeconomic uncertainty, including concerns over inflation and the interest rate trajectory of major central banks. Institutional and private investors continue to build positions in gold as a way to hedge portfolio risk amid volatility in equity and currency markets. For Kazakh investors, gold traditionally remains one of the key diversification tools, particularly given the historical fluctuations of the tenge and regional economic risks.