Kazakhstan's central bank plans to reduce the share of gold in its foreign exchange reserves by about 3 percentage points to around 75% by the end of the year, according to Bloomberg, citing Deputy Governor Aliya Moldabekova. The move aims to increase allocations to dollar-denominated assets, as rising U.S. government bond yields have boosted the interest returns on dollar assets, diminishing the relative appeal of non-interest-bearing gold. The reduction will be carried out through both options and physical gold, each accounting for half. Previously, the yield on the U.S. 10-year Treasury note rose to a 24-year high last week.