Turkish Investors Turn to Gold as Safe Haven In response to escalating Middle East tensions, Turkish investors like Faruk Mutlu are increasingly turning to gold as a safe investment. At a bustling jewelry store in Istanbul, Mutlu exchanged his savings for gold, citing its enduring value. The recent geopolitical instability, particularly the conflict between Israel and Iran, has fueled speculation about rising gold prices, spurring a rush to buy. This surge in demand is evident in Istanbul’s Kuyumcukent, the heart of Türkiye’s jewelry industry, where long lines at gold shops have become a common sight. Riza Gokay Tugsavrol, owner of Harem Gold, notes that in times of uncertainty, gold’s reputation as a secure asset makes it even more appealing to investors. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Inflation Data Shifts Fed Focus from 'If' to 'How Much' on Rate Cuts READ MORE Concerns Over Yen's Decline Prompt Japan to Consider Market Actions READ MORE India's Gold Demand Eases Post-Festival, Prices Remain Strong READ MORE Oil Recovers from Yearly Lows as Fed Lowers Rates READ MORE Einhorn's Outlook: Few Federal Rate Cuts and a Strong Case for Gold READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment