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The Central Bank of Turkey sells 60 tons of gold to support the lira!

In just two weeks, the Central Bank of Turkey sold and swapped massive amounts of gold worth over 8 billion dollars after tensions erupted with Iran. The goal was to support the Turkish lira and confront economic pressures and high inflation that reached 31.5%. Part of the gold was sold directly and part was swapped to obtain liquidity in foreign currencies. This step increased pressures on global gold prices. The Turkish market is now under pressure, raising significant questions about the stability of the lira in the near future.

💬 What do you think? Is this just a temporary step or the beginning of a larger crisis?

#Turkey #GoldPrice #TurkishLira #CryptoNews #Forex #MarketUpdate #TradingTips