Summary
Gold prices increased after the United States captured Venezuela's President Nicolás Maduro, causing worries about geopolitical risks. People moved their money into "safe-haven" assets like gold and silver, leading to a rise in their prices. President Donald Trump expressed intentions to use Venezuela's oil, but experts believe this won't quickly change energy prices.
Key Facts
- The capture of Venezuelan President Nicolás Maduro by the U.S. led to higher gold prices.
- Gold was up about 1.8% in Monday morning Asian trading, reaching around $4,408 an ounce.
- Silver prices also rose by close to 3.5%.
- President Trump plans to utilize Venezuela's oil reserves.
- Experts say fixing Venezuela's oil infrastructure would cost billions.
- Venezuela's oil production is low, contributing only about 1% to global output.
- Stock markets in Asia-Pacific saw gains, unaffected by Venezuela's situation.
- Japan's Nikkei 225 rose by 2.6% on the year's first trading day.
