Turkey Dumped 58 Tons Of Gold After Iran War Started, Slamming Price

Turkey's 58-ton dump explains the recent weakness, but this is textbook weak hands selling into strong hands. Central banks don't typically liquidate unless they're facing serious currency pressure or need USD liquidity fast. The timing suggests geopolitical panic rather than strategic repositioning. Meanwhile, China and Russia keep accumulating on every dip. Physical premiums stayed elevated throughout the selloff, telling you the real story. When a central bank dumps this much metal and spot barely budges below key support, that's institutional absorption happening in real time. Turkey's loss is someone else's gain at wholesale prices.