Weekly selling of Turkish gold hits new high since 2018

On March 26, data showed that in the week ending March 20, the Turkish Central Bank's gold reserves fell from 820.8 tons to 771.8 tons. Bankers said Turkey's central bank's gold reserves hit the largest weekly decline since August 2018, selling off about 22 tons of gold last week. In addition to selling gold, Turkey's central bank also traded about 31 tons of gold in swaps last week. (Jin Shi)