Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander Manzyuk/File photo LONDON  – An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday. The financial market rout last year caused widespread losses for sovereign money managers who are 'fundamentally' rethinking their strategies on the belief that higher inflation and geopolitical tensions are here to stay.

https://business.inquirer.net/409487/countries-repatriating-gold-in-wake-of-sanctions-against-russia-study

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