# الذهب

#الذهب Currently moving under dual pressure
First, the clear shift towards monetary tightening by the Federal Reserve and the European Central Bank, and oil prices rising above $110, have re-priced the high interest rates for a longer period
Second, the rise in U.S. yields reduces the attractiveness of gold
On the other hand, tensions in the Strait of Hormuz still exist but are no longer the dominant factor because the market is now more focused on inflation and interest rates
Also, the temporary weakness of the dollar due to yen movements was not enough to support gold, confirming tha

#تركيا You are filtering 120 tons of #الذهب worth nearly $20 billion in just three weeks to maintain the value of the lira, with Erdogan selling 70 tons last week alone, which drained reserves accumulated over 6 years!
What is Turkey planning?
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