The turmoil in Turkey gets the value of precious metals to shatter.
On Wednesday, the gold price fell to the lowest level in a year and a half. The platinum is even bigger. The value of the metal is the lowest in almost a decade.
The financial crisis in Turkey has meant a boost for the dollar, mainly because the euro has fallen because of concerns about how vulnerable European banks are against the country. The US currency has also strengthened strongly against the Turkish lira during the past year.
This, in turn, affects the value of, among other things, gold priced at the dollar.
At the turn of the century, the spot price for gold was $ 1,189 per ounce, just above the bottom note of about $ 1,185 earlier on Wednesday.
