Countries Repatriating Gold in Wake of Russia Sanctions Amid the War in Ukraine

Countries repatriating gold in wake of sanctions against Russia – study   LONDON (Reuters) – 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. Over 85% of the 85 sovereign wealth funds and 57 central banks that took part in…