Countries began to return their gold reserves against the backdrop of sanctions against Russia


Sovereign funds are reviewing their strategies, expecting higher inflation and geopolitical tensions to persist, the agency writes. According to the poll, a “significant proportion” of central banks are concerned about the precedent of blocking Russian gold and foreign exchange reserves in 2022. Nearly 60% of respondents noted that the situation made gold a “more attractive” asset. At the same time, 68% of respondents said they prefer to keep reserves in their country (vs. 50% in 2020).

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