Anti-Russian sanctions spooking countries into repatriating gold reserves – Reuters ...News

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Anti-Russian sanctions spooking countries into repatriating gold reserves – Reuters
Roughly half of Russia's $640 billion of gold and forex assets held abroad were frozen by Western central banks last March An increasing number of countries are bringing home their bullion reserves in the wake of unprecedented sanctions imposed by the West on Russia, Reuters reported on Monday, citing an Invesco survey of central bank and sovereign wealth funds. According to the report, widespread losses for sovereign money managers resulting from last year’s financial market rout made them “fundamentally” rethink their strategies amid fears of higher inflation and further geopolitical tensions. The survey showed

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