Turkey Central Bank Sold Nearly 50 Tonnes of Gold During Market Stress

The post says the sale was the largest weekly drop since 2018 and came as Turkey tried to stabilize markets amid fallout from the Iran conflict.

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Terms & Concepts
  • Central bank reserves: Foreign exchange and gold assets held by a central bank to support financial stability and currency management.
  • Foreign exchange: National currencies and related reserve assets used in cross-border trade, intervention, and monetary operations.
  • Gold reserves: Official gold holdings that central banks can sell or use to help manage liquidity and market pressure.