00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Interior Secretary Doug Burgum said the U.S. recently brought back $100 million of gold
00:07from Venezuela following a visit earlier this month with oil and mining executives,
00:12according to CNBC.
00:14Burgum met interim president Delce Rodriguez and said it marked the first shipment of precious
00:19metals between the countries in over 20 years.
00:21He said U.S. refiners will use the gold for commercial and consumer purposes.
00:26The trip followed the U.S. capture of Nicolas Maduro in January, while the administration
00:31works with Rodriguez.
00:32President Trump has been pressuring U.S. oil and gas executives to invest in Venezuela's
00:37energy sector, which holds the world's largest crude oil reserves.
00:41The U.S. sees opportunities beyond oil to develop Venezuela's mineral and precious metal resources,
00:47including coal reserves that contain critical minerals.
00:50For all things money, visit Benzinga.com.
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