Gold Jumps After Maduro Capture

Benzinga

Gold climbed to a one-week high as investors sought safe havens after the U.S. captured Nicolás Maduro, with rising geopolitical tensions boosting demand for bullion, according to Reuters.

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00:00It's Benzinga bringing Wall Street to Main Street

00:02Gold prices rose to a more than one-week high on Monday as investors moved into safe-haven

00:07assets following the U.S. capture of Venezuelan President Nicolas Maduro, according to Reuters.

00:12Spot Gold climbed 2.3% to $4,430.27 an ounce by midday London trading,

00:20its highest level since December 29th, after reaching a record high on December 26th.

00:25Analysts said the U.S.-Venezuela escalation increased market uncertainty and drove higher

00:30demand for gold as a safe-haven asset. Trump said the United States could order further

00:35strikes if Venezuela does not cooperate on oil access and drug trafficking,

00:39and warned Colombia and Mexico could face military action. Gold gained about 64% last year.

00:45Silver, platinum, and palladium also rose, with silver jumping 3.9% to $75.42 an ounce.

00:53For all things money, visit Benzinga.com.

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