In Turkey, Weak Lira Powers Fresh Gold Rush

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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