They Rushed to Buy Gold and Foreign Currency.
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
The destination of the massive $13 billion outflow from the stock market following the fund scandal has been revealed. US investment bank Goldman Sachs announced that the money shifted to domestic foreign currency and gold deposits.
Global fund flows have started moving again. Money market funds saw $116.52 billion flow out in one week, while equity funds received $34.76 billion. Technology funds lost money, while interest in gold and precious metals continued.
According to Goldman Sachs' analysis, half of the money withdrawn from money market funds in Türkiye went into foreign currency and gold deposits.
In its October 2nd assessment of Türkiye, US investment bank Goldman Sachs examined changes in the reserves of the Central Bank of the Republic of Turkey (TCMB), deposit movements, foreign investment flows, and credit...
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
