RE:Gold, the Ruble and Natural Gas2 points: 1) it's old news already https://www.reuters.com/business/russias-central-bank-says-it-will-stop-buying-gold-fixed-price-2022-04-07/ There are multiple views out there in terms of why such program was ended so quickly and now gets negotiated case by case. 2) regardless, it did not seem to have a big impact or very few took the arb opportunity. 1 of the reason: RUB has been radioactive recently. We need to be more patient for the gold play to unfold apparently.