Russians are buying huge amounts of gold with the ruble under pressure from high inflation and sanctions
Getty Images; Jenny Chang-Rodriguez/BI The World Gold Council said Russians bought 75.6 metric tons of gold last year, up by 6% from 2023. Gold is a safe-haven asset that’s often in demand amid high inflation and geopolitical tensions. The price of gold hit a record on Wednesday, jumping above $2,900 an ounce. Russian consumers are