Turkish appetite for gold unfazed by record prices | Industries | Consumer Goods & Retail | Reuters

"Turkish appetite for gold unfazed by record prices

By Humeyra Pamuk

LONDON, Jan 14 (Reuters) - Turkish consumers are expected to remain keen on gold despite record high world bullion prices thanks to a rise in the value of the lira against the dollar.

Traditionally the dollar has been used by Turks as a safe haven in times of inflation, but the strength of lira has prompted people to switch to alternative instruments."

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