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Morning Bites (part 1)

🏆Turkey is partially suspending gold imports, Bloomberg reports, citing a government-related source, as an emergency measure to help the local economy overcome the aftermath of the recent earthquakes. According to World Gold Council (WGC), Turkey's central bank was the biggest identified buyer of gold in 2022 (+147.6t) among institutions (13% of their purchases) and represented 3% of world physical gold demand. Although the country’s Treasury and Finance Ministry declined to comment, the news might add some stress to the bullish gold case

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