“Gold prices hit record highs amid Maduro’s capture by US special servicesGold and silver prices surged on January 5 after the detention of Nicolas Maduro by US forces. Gold surpassed $4370 per ounce, and
silver reached $73.32, linked to the escalating geopolitical situation.
”, — write: unn.ua
DetailsThe spot price of gold rose by 0.9%, exceeding the mark of $4370 per ounce. Silver also rose by 0.7%, reaching $73.32. Analysts attribute this movement to the high level of uncertainty regarding Washington’s further steps in Latin America.
Market reactionExperts note that US intervention has forced markets to price in new military and political risks.
Markets are now forced to reconsider not only the risks of Venezuela, but also the unpredictability of the US and its military influence
Gold continues the upward trend recorded last year, when the metal showed its best performance since 1979. In addition to geopolitics, prices are supported by active metal purchases by central banks and the expected easing of the US Federal Reserve’s policy.
Other assetsAmid the Venezuelan crisis, platinum and palladium also showed growth. The Bloomberg spot dollar index strengthened by 0.1%. At the same time, analysts warn of possible volatility in the oil market, as Venezuela has the largest proven crude oil reserves in the world.
Precious metals started the new year with growth after a record 202502.01.26, 12:22 • 3043 views