Turkey's weekly gold sell-off reaches the highest level since 2018

Golden Financial reports that as of March 26, data shows that during the week ending March 20, Turkey’s central bank gold reserves decreased from 820.8 tons to 771.8 tons. Banking sources stated that Turkey’s central bank gold reserves experienced the largest weekly decline since August 2018, with approximately 22 tons of gold sold last week. In addition to gold sales, the central bank also conducted about 31 tons of gold swap transactions last week. (Jinshi)

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