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  • 8 months ago
Gold prices sprinted to a more than one-week high on Monday, edging closer to their record peak, as geopolitical turmoil stirred up by the U.S. capture of Venezuelan President Nicolas Maduro sparked a flight to safety. - REUTERS

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00:00Gold prices rose to a more than one-week high on Monday and drew closer to their record peak.
00:07Investors bought up due to geopolitical concerns from the U.S. capture of Venezuelan President Nicolas Maduro.
00:13Spot gold climbed more than 2% to just over $4,430 an ounce by mid-morning UK time.
00:20One analyst said gold rose due to the U.S.-Venezuela escalation as it adds to market uncertainties.
00:26U.S. President Donald Trump told reporters on Sunday he could order another strike.
00:31That if Venezuela doesn't cooperate with U.S. efforts to open up its oil industry and stop drug trafficking.
00:38Trump also suggested Colombia and Mexico could face military action if they don't reduce the flow of illicit drugs.
00:44Gold climbed by about 64% last year, marking its biggest annual gain since 1979.
00:50It was driven by a number of factors, including Federal Reserve rate cuts and geopolitical tensions.
00:56Silver also jumped around 4% to just over $75 an ounce Monday, a week after it hit a record high.
01:03The precious metal also soared by 147% last year.
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