[Turkish central bank reduces gold reserves to meet domestic demand] April 27, the Turkish central bank has been selling gold reserves to meet the domestic people's demand for gold. Domestic demand for gold has surged as Turkish citizens seek to protect themselves from inflation or currency depreciation ahead of next month's general election. Turkey's central bank began to meet domestic gold demand after Turkey suspended gold imports in February, according to a person with direct knowledge of the situation. Turkey's central bank has also begun to accept the lira as the currency for gold trading, in an effort to ease the pressure on the spot market, the person familiar with the matter said.