Gold imports rose to their highest levels in Turkey this year after a significant decline in the price of the precious metal , is expected to climb further check if it is decided officially easing restrictions on trade with Iran .
Data from the Istanbul Stock Exchange that Turkey imported 270.7 tons of gold in the first eleven months of the year , more than double imports in 2012 amounting to 120.8 tonnes whole .
The increase is due to a sharp decline in gold prices this year , down 26% since December 2012 after rising for 12 consecutive years .
Cameron said Alexander , an analyst at ” Thomson Reuters GFI LMS ” : ” saw Turkey as most market -sensitive prices decline in the price level this year, a chance to rebuild inventories and meet some of the latent demand that be with out consumers from the market because of high prices .”
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