Turkey mulls tapping $135 billion gold reserve for lira defense

Turkey mulls tapping $135 billion gold reserve for lira defense

MarketNewsFeed @MarketNews_Feed
*TURKEY MULLS TAPPING $135 BILLION GOLD RESERVE FOR LIRA DEFENSE ... Mar 24, 2026 6:01am

Added at 6:06am

Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl
Turkey Mulls Tapping $135 Billion Gold Reserves for Lira Defense

Turkey’s central bank is preparing an expanded toolkit to defend the lira from Iran war-related volatility that includes potentially tapping its vast gold reserves, according to people familiar with the matter.

The bank has held discussions about conducting gold-for-foreign currency swap transactions in the London market, the people said, asking not to be named because the deliberations are private.

The central bank declined to comment. (Bloomberg)

Mar 24, 2026 6:04am

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Mar 24, 2026 7:51am

Quoting Blessed-man

Disliked

Doesn't look like they have increased substantial holding in the last years, reserves value increased because of rising gold value. If Gold value accidentally drop to $1,000 (that $135b reserves become $40b) Using it to defend LIRA is another way of saying let us waste part of this Gold Reserve (to what extent will you defend, for how long?) Not sustainable

Ignored

its profit taking

people and governments with physical gold made lots of money the past couple years....thats how old this parabolic rise on gold is...look at a monthly chart... so after exchanges raising margins and then the war makin it crash time to unload physical gold and collect profits

gold will drop to the 2024 breakout prolly in 9 to 12 months if not sooner since price falls faster than it goes up since hump wants to send in marines reports are sayin

bugrasb

Mar 24, 2026 6:06am

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I'm from turkey and that wouldn't even slightly help the economy and turkish lira. that would be wasting our gold reserves.

ffghost

Mar 24, 2026 8:08am

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Quoting TurboTax80

Disliked

Everyone reacting to nowadays news "buy now" "sell now"...now is a period of protecting ur capital...only trade when margins and spreads are normal and when u see a valid set up...what's the point of rushing in to catch moves right now during chaos then u lose ur acc whether funded or personal,then when the storm calms and there are better opportunities you have little or no capital...patience is very important right now...

Ignored

99.999% of those responses are bots. Just ignore them (not that you can actually ignore the users, because there are just too many), but it helps to think of them as AI/fake, so you aren't influenced.

The question becomes: will any be sold? If so, how much? Obviously not all. And what would be sold will be layered. $125B in a $40T market wouldn't even move the needle. The concern would be the knockon effects if other countries started doing the same...at the same time. But that has likely already happened.

Gold is cyclical, like anything else. It will see pullbacks and increases. Looking at it from a VERY long time frame you can start to see these patterns emerge (though few of us want to "trade" on an investment timeframe). The other thing to consider is how large pullbacks typically are (and over what period of time). In 2022, for example, gold fell...but over the course of a year. We just saw a similar move in a matter of weeks. That could tell us something about the possibility of near-term directional "normalization".

Blessed-man

Mar 24, 2026 7:03am

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Doesn't look like they have increased substantial holding in the last years, reserves value increased because of rising gold value. If Gold value accidentally drop to $1,000 (that $135b reserves become $40b)

Using it to defend LIRA is another way of saying let us waste part of this Gold Reserve (to what extent will you defend, for how long?)

Not sustainable

ww3361

Mar 24, 2026 9:27am

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Quoting ffghost

Disliked

{quote} 99.999% of those responses are bots. Just ignore them (not that you can actually ignore the users, because there are just too many), but it helps to think of them as AI/fake, so you aren't influenced. The question becomes: will any be sold? If so, how much? Obviously not all. And what would be sold will be layered. $125B in a $40T market wouldn't even move the needle. The concern would be the knockon effects if other countries started doing the same...at the same time. But that has likely already happened. Gold is cyclical, like anything...

Ignored

Consistently verbose. Market doesn’t care mate.

Is this “Ross Edwards”?

asimjalbani

Mar 24, 2026 6:06am

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Lol ate my buy trade. Turkiye i dont like u

Trader#C6DB

Mar 24, 2026 6:16am

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believe in yourself, you can do it. God is with you

Ibraheem.

Mar 24, 2026 6:30am

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What happened to gold is this sell was expected , i mean this volume

Mar 24, 2026 6:43am

Will recover soon.

Mar 24, 2026 11:28am

It seems that Turkish intelligence knows something that only a few know.

CycleGF

Mar 24, 2026 6:52am

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I knew this will happen ....you can't hoard gold forever... Now all the countries will dump the Gold ...gold will go down below $1000

DaJoWaBa

Mar 24, 2026 10:02am

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Quoting ww3361

Disliked

{quote} Consistently verbose. Market doesn’t care mate. Is this “Ross Edwards”?

Ignored

Interesting connection of the dots.

NeverGiveUp0

Mar 24, 2026 6:05am

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the hell

Trader#3D69

Mar 24, 2026 6:17am

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Just blew 2.5 mil on my demo cause of this

TurboTax80

Mar 24, 2026 6:48am

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Everyone reacting to nowadays news "buy now" "sell now"...now is a period of protecting ur capital...only trade when margins and spreads are normal and when u see a valid set up...what's the point of rushing in to catch moves right now during chaos then u lose ur acc whether funded or personal,then when the storm calms and there are better opportunities you have little or no capital...patience is very important right now...

Financeturk

Mar 24, 2026 7:38am

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Turkish diplomats are conducting behind-the-scenes negotiations between Iran and the United States. There is probably some kind of agreement in place, which is why they will sell gold. Tensions will decrease. Other countries will also follow this. We will watch and see. A pullback in gold will inevitably happen, and these sales will trigger each other.

Mar 24, 2026 7:47am

Mar 24, 2026 6:14am

shit man.. im running buy ,but my stop loss close time news this

Tetr0n

Mar 24, 2026 6:05am

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Gold is going to fly now ??????

ikaka

Mar 24, 2026 6:06am

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700 pips in 1 min

Trader#5BF9

Mar 24, 2026 6:06am

im out of ts

Mar 24, 2026 6:06am

just dumped

Mar 24, 2026 6:08am

not a single peaceful day for gold

Trader#07FB

Mar 24, 2026 6:08am

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crazy man, yesterday trump statement now something wrong with this chicken

dhakx

Mar 24, 2026 6:09am

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messed up my trade smh

frfawad

Mar 24, 2026 6:09am

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Gold Going Dump to 4280
Sell Gold

MatteTrades1

Mar 24, 2026 6:10am

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That's the reason of the spike

Mar 24, 2026 6:11am

Chai

Mar 24, 2026 6:13am

M going all in gold guys pray fr me

Trader#0044

Mar 24, 2026 6:15am

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Pundachi mackal

kajaykumar

Mar 24, 2026 6:17am

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buddy never go all in man trade more not once

Mar 24, 2026 6:18am

stop lose

Mar 24, 2026 6:21am

gold sell

Mar 24, 2026 6:21am

I will manipulate market in evening

Mar 24, 2026 6:21am

Sell-off

Mar 24, 2026 6:23am

Market is moving to catch stops. Yesterday and today are not good to trade gold. Stay safe.

Mar 24, 2026 6:24am

fuck turkey

Mar 24, 2026 6:25am

Another dump would be nice, I was waiting to sell and just before I was gonna sell this shit happens

Vamsiwiz

Mar 24, 2026 6:28am

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Yesterday trump took away my sl today turkey

ThePhdTrader

Mar 24, 2026 6:30am

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Quoting ishan1992

Disliked

shit man.. im running buy ,but my stop loss close time news this

Ignored

Damnnnnnnn

MatteTrades1

Mar 24, 2026 6:33am

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Wish Gold dump down another 2000/3000 pips

ThePhdTrader

Mar 24, 2026 6:33am

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Quoting trumptrader

Disliked

I will manipulate market in evening

Ignored

Oh Yeahhh Go trump Go

Mar 24, 2026 6:35am

Gold Buy

Mar 24, 2026 6:35am

WOW..This is Crazily Crazy

Mar 24, 2026 6:42am

Mar 24, 2026 6:51am

I sold and it hit my sl by a tick and go full sell on Gold

Mar 24, 2026 7:32am

But why ?

Mar 24, 2026 7:45am

now imagine when trump does this at golds all time high, good bye deficit

Benve

Mar 24, 2026 8:10am

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With 3T$ in their gold mines, what are they waiting for?

khedz.fx

Mar 24, 2026 8:31am

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Dumping the markets like that should be illegal icl

NFG

Mar 24, 2026 12:44pm

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i hope gold goes to 67 dollar a ounce, get it 67?

Trader#7B60

Mar 24, 2026 6:04am

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Ohh

Trader#82C8

Mar 24, 2026 6:05am

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House

Trader#304B

Mar 24, 2026 6:06am

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Wow

Trader#696E

Mar 24, 2026 6:06am

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LMAO so this was the drop

Trader#C130

Mar 24, 2026 6:06am

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late news,. market reacted

Trader#75B7

Mar 24, 2026 6:07am

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CODE NOW

Trader#493A

Mar 24, 2026 6:07am

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hate this kind of SL...

Trader#71C2

Mar 24, 2026 6:08am

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$7000

Trader#3E00

Mar 24, 2026 6:08am

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Dropped

Trader#ECAE

Mar 24, 2026 6:08am

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Up or down nex move?

Trader#018F

Mar 24, 2026 6:08am

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Hey friend, what do you want to do? When you enter, everyone comes with their faces raised.

Trader#AA74

Mar 24, 2026 6:08am

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500 pips buy position gone cost to cost, thank you turkey

Trader#8628

Mar 24, 2026 6:08am

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WOW what a move man......I captured fastlty

Trader#B3DD

Mar 24, 2026 6:09am

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i have been in the trade since 4 hours and then was about tw hit tp in 30 pips ! but stratight went to my sl !

Trader#FE8D

Mar 24, 2026 6:09am

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Xau sell going well tho

Trader#531A

Mar 24, 2026 6:09am

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May be gold will fly now

Trader#5232

Mar 24, 2026 6:09am

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buy the gold now it was a manipulation

Trader#8274

Mar 24, 2026 6:09am

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Thn

Trader#F470

Mar 24, 2026 6:09am

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Go to hell

Trader#866F

Mar 24, 2026 6:09am

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piyush bahi

Trader#2F4C

Mar 24, 2026 6:10am

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big dump

Trader#63ED

Mar 24, 2026 6:10am

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I literally longed the gold.

Trader#9D94

Mar 24, 2026 6:11am

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That why 700pip

Trader#AC67

Mar 24, 2026 6:11am

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Will it fall further?

Trader#866F

Mar 24, 2026 6:11am

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Don't recognize me Piyush Bhai

Trader#4E47

Mar 24, 2026 6:11am

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600 pips in just 1Min

Trader#201A

Mar 24, 2026 6:11am

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I am not going to tell you anything.

Trader#D14E

Mar 24, 2026 6:11am

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What hell

Trader#C76B

Mar 24, 2026 6:11am

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4000$

Trader#5918

Mar 24, 2026 6:12am

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Fucked 10k

Trader#AA12

Mar 24, 2026 6:12am

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Dam nobody’s safe anymore

Trader#38E0

Mar 24, 2026 6:13am

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Buy

Trader#DE06

Mar 24, 2026 6:13am

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sl kha liya

Trader#B8C5

Mar 24, 2026 6:13am

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any news related to gold

Trader#FCD1

Mar 24, 2026 6:13am

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Buy or sell??

Trader#BD23

Mar 24, 2026 6:13am

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How did you like it friends?

Trader#D567

Mar 24, 2026 6:14am

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Lol

Trader#CAF7

Mar 24, 2026 6:14am

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nice, so we can go back to 5000

Trader#B6DC

Mar 24, 2026 6:14am

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Nice fall in Gold

Trader#B23B

Mar 24, 2026 6:14am

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gold can go till 4100 again

Trader#D567

Mar 24, 2026 6:14am

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Very big spike

Trader#F7AC

Mar 24, 2026 6:14am

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Fucked

Trader#EBD2

Mar 24, 2026 6:16am

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6 points away from +$4,000 on funded account, this news, account wiped out. Gold right back up without me.

Trader#2C7B

Mar 24, 2026 6:16am

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3400 coming

Trader#BE20

Mar 24, 2026 6:16am

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Just ate sell of my trade just above zone and boom

analysis was good. Anyways better luck next time

Trader#DB94

Mar 24, 2026 6:17am

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Gold is going to 4326

Trader#B8C5

Mar 24, 2026 6:17am

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hey bro can you help me i am new user of forex factory how to watch the news of btc and gold

Trader#646C

Mar 24, 2026 6:18am

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market is liquidating anytime when it see majority in buying or selling it just take a dip or rise to make everyone panic

Trader#307F

Mar 24, 2026 6:18am

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Just a shitty week more coming

Trader#C9E3

Mar 24, 2026 6:18am

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Trader#C9E3

Mar 24, 2026 6:20am

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yesterday up spike and now down spoke

trading nowadays

Trader#8611

Mar 24, 2026 6:20am

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gold 1min 660 pips down

Trader#D639

Mar 24, 2026 6:22am

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Gold no no nooo

Trader#8577

Mar 24, 2026 6:22am

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Hate the name forever

Trader#5FBE

Mar 24, 2026 6:22am

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But if it was Trump tweet.. you all go crazy mf

Trader#5E65

Mar 24, 2026 6:23am

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nice sl..

Trader#033D

Mar 24, 2026 6:24am

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Trader#B6D2

Mar 24, 2026 6:26am

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Nice

Trader#1168

Mar 24, 2026 6:27am

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catch it

Trader#940C

Mar 24, 2026 6:27am

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Just sold the candle before that and boom with slippage the trade turn from 300pips to 650 pips

Trader#EBD2

Mar 24, 2026 6:28am

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Yesterday's bad gold news from Trump was at 7:05 AM EST. Today's bad gold new from Turkey was at 7:01 AM EST. Beware 7:00 AM EST.

Trader#5499

Mar 24, 2026 6:28am

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Wtf happend to gold did trump tweeted smt ,…?

Trader#3AEC

Mar 24, 2026 6:29am

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All my profits

Trader#CB69

Mar 24, 2026 6:30am

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Yesterday Trump launched rocket and today turkey launched nuclear on my position thnx to all see u in another life

Trader#8298

Mar 24, 2026 6:31am

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Quoting Selvaku

Disliked

Sell-off

Ignored

Trader#EBD2

Mar 24, 2026 6:33am

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Quoting Trader#5499

Disliked

Wtf happend to gold did trump tweeted smt ,…?

Ignored

You're commenting on the story that tells you why.

Trader#BC6D

Mar 24, 2026 6:38am

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someone just fucked with the turkey lira ,,fuck ,fuck ,fuck

Trader#6E8F

Mar 24, 2026 6:38am

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Trader#4F7D

Mar 24, 2026 7:19am

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It's an dangerous for all trader's like a minute news

Trader#008A

Mar 24, 2026 7:34am

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By selling gold, Turkey will buy shekels (they).

Trader#47D6

Mar 24, 2026 7:46am

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short Lira

Trader#F408

Mar 24, 2026 10:00am

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Buy dollar

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Story Stats

Mar 24, 2026 6:04am
Posted by
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Low Impact Breaking

123

30.3K
Instruments:

USD/TRY, Gold/USD

Turkey mulls tapping $135 billion gold reserve for lira defense

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