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Russians Buy Up Gold to Salvage Savings After Ruble Collapse

  • State lender Sberbank says demand for bullion has quadrupled
  • Bank of Russia is halting gold purchases in domestic market
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'Russia-Linked' Metals to Rise Further: Fitch Solutions
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Russians are buying more gold to protect their savings after Vladimir Putin’s invasion of Ukraine sparked a collapse in the ruble and new restrictions made it more difficult to purchase foreign currency or take money out of the country.