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Story summary
- Central banks, historically strong gold buyers, are selling bullion under pressure from the Iran war.
- In 2024–2025, central banks reduced purchases as some countries sold gold to stabilize currencies.
- Spot gold prices are down about 10% from the January peak.
- Turkey, Russia, and Ghana are notable sellers, with Turkey down 131 tons in March.
- Experts say central banks may resume buying if prices decline further.
