Turkey's gold reserves soared by nearly 70% in the first three quarters-Shanghai Metals Market

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Turkey's gold reserves soared by nearly 70% in the first three quarters

Translation 02:52:48PM Nov 04, 2019 Source:Sina Finance and Economics
The content below was translated by Tencent automatically for reference.

Between January and September this year, the total amount of gold stored by banks in the country reached 64.6 billion lire (about $11.3 billion), an increase of 67.3 percent over the same period last year and an increase of 26 billion lira, according to data. With global geopolitical risks heating up this year and a great deal of uncertainty in the market, investors have turned to gold risk aversion, and international gold prices have risen sharply. The price of gold denominated in the Turkish lira rose 14.1 per cent in the year to September.

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Key Words:  Gold price  gold reserves 

Turkey's gold reserves soared by nearly 70% in the first three quarters

Translation 02:52:48PM Nov 04, 2019 Source:Sina Finance and Economics
The content below was translated by Tencent automatically for reference.

Between January and September this year, the total amount of gold stored by banks in the country reached 64.6 billion lire (about $11.3 billion), an increase of 67.3 percent over the same period last year and an increase of 26 billion lira, according to data. With global geopolitical risks heating up this year and a great deal of uncertainty in the market, investors have turned to gold risk aversion, and international gold prices have risen sharply. The price of gold denominated in the Turkish lira rose 14.1 per cent in the year to September.

"Click to sign up for SMM Annual meeting

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Key Words:  Gold price  gold reserves