Turkey’s central bank flagged a “dollar quake” and issued a surprise gold outlook
Turkish media reports said the central bank saw a “dollar quake” and released a “surprising” gold forecast, signaling the possibility of unconventional FX intervention or a policy shift. The signal has raised concerns about lira stability and the repricing of dollar-denominated assets, according to the report. Expectations for gold—seen as a traditional safe haven and hedge against depreciation—were sharply revised higher. The development was described as a sudden policy signal rather than a routine statement, with the potential to quickly transmit to precious metals and emerging-market currency markets.