Gold prices surge in Turkey amid Russia-Ukraine conflict, inflation concerns

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Gold prices surge in Turkey amid Russia-Ukraine conflict, inflation concerns

STORY: Gold prices surge in Turkey amid Russia-Ukraine conflict, inflation concerns DATELINE: March 9, 2022 LENGTH: 00:01:31 LOCATION: ISTANBUL, Turkey CATEGORY: ECONOMY SHOTLIST: 1. various of Grand Bazaar in Istanbul, Turkey 2. various of gold shop, gold jewelery lined up in the showcases 3. SOUNDBITE 1 (Turkish) RESAT YILMAZ, Gold and foreign exchange business practitioner 4. SOUNDBITE 2 (Turkish) RESAT YILMAZ, Gold and foreign exchange business practitioner 5. SOUNDBITE 3 (Turkish) SEVDA OZDEMIR, Istanbul resident STORYLINE: Gold prices surged sharply in the Turkish market on Tuesday amid the conflict between Russia and Ukraine and growing inflation concerns in the country. One gram of gold was traded at 936 Turkish liras (64.56 U.S. dollars) at noon, with a 1.50 percent hike in the day, while the price of gold per ounce stood at 2,007 dollars, the highest since August 2020. According to Murat Ozsoy, co-founder of Biz, a financial consultancy company, the exits from "risky assets" became dominant th

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