Gold Drops About $70 as Reports Highlight Turkey’s Reserve Options
Gate data showed spot gold at $4,398.66 per ounce, while earlier reports said Turkey was considering using $135 billion in gold reserves to support the lira.
GT
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Terms & Concepts
Spot gold: The current market price for immediate purchase or sale of physical gold.
Gold reserves: Official gold holdings kept by a country or central authority as part of its financial reserves.