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https://steamcommunity.com/games/593110/announcements/detail/1301948399254001159
Yes because as always, users abused the feature by mass buying gifts during sales and then selling them later for profit.
Which was against the Steam TOS of course but a ton of people did it.
So they changed the system to gifts being send at once at checkout and no storing anymore.
Only exceptions are multipacks of games ( 2/4) where one copy gets activated on the buying account and the rest put into inventory to gift later.
Also some developers may give you a free gift copy of a game when buying another one, those also land in your inventory.
Yup. same. Like i wrote above, sometimes a dev gives you a free gift copy of another games of theirs when buying one of them.
Also got a free Witcher gift for buying Witcher 3 GOTY a few years ago.