What we have seen so far are just the opening shots of the coming trade war.
Goldman Sachs is expecting gold to "outperform" over the coming months.
Global oil giant Rosneft has prepared itself for shutdown of SWIFT interbank cash transfer services, should Russia be shut out of the system as part of Western sanctions.
The Central Bank of Russia (CBR) has been increasing its holdings of gold every month since March 2015.
The dollar fell 0.8 percent, in its worse decline in nearly two months, as trade war fears increased and the Fed increased the outlook for rate hikes.
Get ready for more asset sales in the oil and gas industry.
Most Asian central banks will stand pat for now, even with the Federal Reserve poised to raise borrowing costs this week.
Japan's inflation rate is still fairly sensitive to exchange rates.
The volume of trade between Russia and China increased by more than 20 percent.