Analysts have been speculating that gold’s recent selling pressure may have been exacerbated by central banks forced to monetize their gold holdings for emergency liquidity as the U.S.-Israel war with Iran impacts the global economy and financial markets. That speculation is starting to be confirmed, as Bloomberg reports that Turkey’s central bank is once again tapping into its official gold reserves. Quoting central bank data, Bloomberg said that Turkey’s official gold reserves have declined by nearly 59 tonnes in the last two weeks. According to people familiar with the nation’s foreign reserves, some of the gold ... (full story)