Gold price rises after US captures Venezuela's Maduro
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.
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