A employee works on 1 kg. gold bars in Ahlatci Metal Refinery in the central Anatolian city of Corum, Turkey, May 11, 2017. REUTERS/Umit Bektas
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Turkey's central bank is hoarding gold again.Official data show Turkey added 3.8 million ounces of gold worth almost $5 billion to reserves this year. While actual purchases could be much less – the figure is skewed by metal deposited by commercial banks – even if Turkey bought just one-third of the reported amount, it would still rank among the top two or three buyers this year.Turkey's Treasury said it collected 2.47 metric tons of gold last month through sales of 728-day gold-based bonds.
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