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IPMI and Industry News: Industry News

Turkey's Gold-Buying Spree

Friday, November 3, 2017  
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Turkey's Gold-Buying Spree Has Market Wondering How Much and Why

Official data show Turkey added 3.8 million ounces of gold worth almost $5 billion to reserves this year. While actual purchases could be much less -- the figure is skewed by metal deposited by commercial banks -- even if Turkey bought just one-third of the reported amount, it would still rank among the top two or three buyers this year. - Bloomberg 11/03/2017

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