Why Central Banks Are Dumping Gold & The Real Pressure Points of West Asia Crisis
For years, the story in gold was simple: central banks buy, prices rise, and the metal's status as the ultimate reserve asset only grows stronger. That story is over. In the span of four weeks, gold just posted its worst monthly decline in eighteen years. Not because retail investors panicked. Not because inflation expectations collapsed. Because the central banks that spent a decade accumulating bullion are now liquidating it — fast. And at the center of this reversal is Turkey — which has sold or loaned out twenty billion dollars' worth of gold since the conflict began. This isn't a story about one country's currency crisis. It's a story about what happens when the assumptions underpinning a decade-long rally suddenly flip — and what that reveals about the true hierarchy of central bank priorities when real pressure arrives.
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