Investors who have started to invest in housing and foreign currency, leaving gold because of the fluctuations in prices, changed the gold value nearly TL 5 billion ($1.8 billion) in the first half of 2015, according to a report compiled by AA from the data of the Turkish Banking Regulation and Supervision Agency. At the end of 2014, gold deposits in banks were at TL 16.25 billion. It was recorded that nearly TL 15.92 billion of this figure was owned by domestic depositors while TL 323 million was owned by foreign depositors. The most important reason why investors stopped investing in gold and turned to other investment instruments was the fluctuations in gold prices.
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
