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Turkey’s Trade Gap More Than Doubles in Size on Gold Imports

Gold in a jewelry store in the Grand Bazaar in Istanbul. — Gold in a jewelry store in the Grand Bazaar in Istanbul.
Photographer: Nicole Tung/Bloomberg

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October 2, 2020, 11:02 AM UTC

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Turkey’s foreign trade imbalance continued to worsen last month as cheap credit and retail investors’ search for a hedge against inflation continued to fuel demand for gold.