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MILAN, Aug 12 - A surge in demand for gold from inflation-stricken Turkey boosted exports of jewellery from Italy's industrial district of Arezzo in Tuscany, data showed on Monday, offsetting a drop in leather goods sales from the nearby Florence area.
Gold is considered a hedge against higher inflation and a safe store of value in times of uncertainty. Tuscany is home to hundreds of small suppliers of the luxury goods industry and a cooling in demand led by China, which has dealt a blow to brands like Kering's , Gucci, prompted companies to put thousands of local workers on furlough.
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