Turkish investors flock to gold amid Middle East turmoils

STORY: Turkish investors flock to gold amid Middle East turmoils SHOOTING TIME: April 17, 2024 DATELINE: April 24, 2024 LENGTH: 00:02:01 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of aerial view of Istanbul, Türkiye 2. various of Kuyumcukent, the center of the jewelry industry in Istanbul, Türkiye 3. SOUNDBITE 1 (Turkish): FARUK MUTLU, Turkish citizen 4. various of people buying gold from a jewelry store in Istanbul, Türkiye 5. SOUNDBITE 2 (Turkish): RIZA GOKAY TUGSAVROL, Owner of Harem Gold 6. various of gold information 7. SOUNDBITE 3 (Turkish): MURAT TUFAN, Analyst with the Ekoturk broadcaster STORYLINE: Faruk Mutlu, a Turkish citizen, stepped into a bustling jewelry store in Türkiye's vibrant city of Istanbul. Armed with his savings, he resolved to convert them into gold, an alternative he deems "always valuable." With the escalating tensions in the Middle East at the beginning of last week, rumors swirled of an imminent rise in gold prices, prompting Mutlu to seize the opportu

TURKEY-ISTANBUL-JEWELRY INDUSTRY-DOWNTURN

TURKEY-ISTANBUL-JEWELRY INDUSTRY-DOWNTURN

(220630) -- ISTANBUL, June 30, 2022 (Xinhua) -- Gold rings are displayed in a shop in Kuyumcukent of Istanbul, Turkey, June 21, 2022. TO GO WITH "Feature: Turkish jewelry industry faces downturn as U.S. consumption wanes" (Xinhua/Shadati)

TURKEY-JEWELRY INDUSTRY-DOWN-U.S. INFLATION

TURKEY-JEWELRY INDUSTRY-DOWN-U.S. INFLATION

(220625) -- ISTANBUL, June 25, 2022 (Xinhua) -- Gold rings are displayed in a shop in Kuyumcukent of Istanbul, Turkey, June 21, 2022. TO GO WITH "Feature: Turkish jewelry industry faces downturn as U.S. consumption wanes" (Xinhua/Shadati)

Turkish jewelry industry faces downturn as U.S. consumption wanes

STORY: Turkish jewelry industry faces downturn as U.S. consumption wanes DATELINE: June 25, 2022 LENGTH: 00:01:54 LOCATION: ISTANBUL, Turkey CATEGORY: MARKET SHOTLIST: 1. various of general views in Istanbul 2. various of jewelry production center Kuyumcukent in Istanbul, Turkey 3. SOUNDBITE 1 (Turkish): ABDURRAHMAN YALCINKAYA, Turkish gold dealer 4. SOUNDBITE 2 (Turkish): ABDURRAHMAN YALCINKAYA, Turkish gold dealer 5. SOUNDBITE 3 (Turkish): ERHAN ASLANOGLU, Istanbul-based economist STORYLINE: In an interesting example of globalization, Abdurrahman Yalcinkaya, a Turkish gold dealer, found his business has been dented by the surging inflation in the United States. Sitting inside his big office in Kuyumcukent, a neighborhood in Istanbul that serves as a hub of Turkey's jewelry industry, the businessman said many U.S. gold companies have halted their orders from Turkey indefinitely as American consumers' demand has decreased. Yalcinkaya noted that Turkey's gold exports to the United States had drastic