ISTANBUL—Turks are piling into gold, long their favorite investment, as the country’s financial system unravels.
When the Grand Bazaar in Istanbul, one of the world’s oldest marketplaces and a major gold-trading hub, reopened its doors in early June following coronavirus-related shutdowns, long queues formed in front of gold outlets and jewelers as telephone orders poured in from all over the country, according to traders and salesmen.
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