Turkey draws on gold stockpile, sells 58.4 tonnes in two weeks

Turkey has sold 58.4 tonnes of gold over the past two weeks, drawing down its official reserves, according to Bloomberg, citing central bank data. The move comes as market watchers assess whether recent selling pressure in gold has been intensified by central banks converting bullion holdings into emergency liquidity as the U.S.-Israel war with Iran ripples through the global economy and financial markets. Bloomberg reported Turkey's official gold reserves have fallen by nearly 59 tonnes over the period. Full story at Kitco: