🇹🇷🥇 TURKEY READY TO SELL GOLD TO DEFEND THE LIRA 🥇🇹🇷

The Turkish central bank is reportedly considering selling its gold reserves to support the lira, which is under pressure due to geopolitical tensions related to the conflict with Iran.

According to Bloomberg, this would be an extraordinary measure, highlighting the seriousness of the situation in the currency markets.

Turkey has about 135 billion dollars in gold, one of the most significant reserves among emerging countries.

However, the surge in energy prices and the increase in uncertainty are putting strong pressure on the national currency, which is already fragile due to high inflation and dependence on imports.

Selling gold would allow the central bank to obtain liquidity in strong currency, to be used to stabilize the lira and contain volatility.

However, this choice also carries risks: reducing strategic reserves could weaken long-term confidence.

In the meantime, the price of gold has seen a significant drop, falling from 5,419 to about 4,380 dollars since the beginning of the conflict.

An counterintuitive movement, suggesting complex market dynamics, between profit-taking and liquidity needs.

This scenario highlights how even assets traditionally considered 'safe havens' can experience strong fluctuations in times of global crisis.

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