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2026-04-04 17:18:01
[Turkey Dumps Nearly 120 Tons of Gold in Two Weeks] According to recent foreign media reports, to cope with energy supply shortages caused by the Middle East conflict and the depreciation pressure on the Turkish lira, Turkey's gold reserves have decreased significantly by nearly 120 tons in the past two weeks, the largest two-week drop since records began in 2013. Analysts say Turkey's move is mainly aimed at maintaining the stability of its currency. Since the outbreak of the Middle East conflict, global energy prices have risen sharply, and Turkey, heavily reliant on energy imports, has faced increasing pressure on its foreign exchange payments. At the same time, market risk aversion has increased, putting downward pressure on the Turkish lira, forcing the Turkish central bank to increase intervention to support the lira's exchange rate and improve market liquidity. (CCTV)
