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Turkey: Gold yields highest monthly profit

February 7, 2014



Gold yielded the highest monthly real profit with rates of 6.03 percent and 7.42 percent respectively. - Investors of the stock exchange made the highest annual loss with rates of 27.64 percent and 25.64 percent ANKARA Gold yielded the highest monthly real profit in January, according to the Turkish Statistics Institute (TurkStat). January's gold rates were 6.03 percent and 7.42 percent, according to Domestic Producer Price Index (D-PPI) and Consumer Price Index (CPI) respectively. According to D-PPI, the monthly real profit rate of the US Dollar and Euro were 4.31 percent and 3.68 percent respectively. However, stock exchange investors, deposit interests, and Government Domestic Debt Instruments (GDDI) lost by 10 percent, 2.82 percent and 2.79 percent, respectively. For CPI, the monthly real profit rates for US Dollar and Euro investors were 5.68 percent and 5.04 percent, while stock exchange investors, deposit interests, and Government Domestic Debt Instruments lost by 8.82 percent, 1.54 percent, and 1.51 percent respectively. The report, titled Rates of Real Profits created by Means of Financial Investment in January 2014, shows that the US Dollar was Turkey's highest real profit with rates of 6.36 percent, according to D-PPI and 9.12 percent according to CPI, quarterly.  In the same period, investors of the stock exchange lost by 18.60 percent and 16.49 percent according to D-PPI and CPI.

  The maximum bi-annual real profit rate was realized in the Euro; the real bi-annual profit rate totaled 12.23 percent, according to D-PPI, and 14.17 percent according to CPI. In the same period, euro stock exchange investors made the highest losses with rates of 17 percent and 15.56 percent respectively, and earned the maximum annual real profit.  The annual real profit rates of the Euro were 16.72 percent and 19.94 percent, according to D-PPI and CPI respectively. Meanwhile, investors of the stock exchange made the highest annual loss with rates of 27.64 percent and 25.64 percent, according to D-PPI and CPI. englishnews@aa.com.tr


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Source: Anadolu Agency (Turkey)


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