With the current conflict between Russia and Ukraine, and the broad sanctions imposed against the Russian economy, the value of the Russian Ruble has declined significantly. This week’s chart shows the value of the Russian Ruble relative to the U.S. dollar, and also the value of Gold priced in Russian Rubles. The rise in the value of Gold priced in Rubles and the strength of the U.S. dollar highlight the strength in the world’s reserve currency, and also illustrate that Gold is still a store of value in uncertain times.

Source: LBMA, investing.com