Gold, Silver Soar as Venezuela Tensions Fuel Geopolitical Risk
Business
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Moneycontrol•05-01-2026, 17:26
Gold, Silver Soar as Venezuela Tensions Fuel Geopolitical Risk
- •Gold and silver prices surged due to heightened geopolitical risks following the US capture of Venezuelan leader Nicolás Maduro.
- •Spot gold rose 2.3% to $4,431.64 an ounce, while silver gained 4.2% to $75.86; platinum and palladium also advanced.
- •US President Donald Trump's plan to "run" Venezuela and access its oil reserves adds to uncertainty, despite analyst views of limited immediate conflict.
- •Precious metals are supported by last year's strong performance, central-bank buying, ETF inflows, Fed rate cuts, and forecasts for further gains.
- •Long-term US economic risks from federal debt and potential import tariffs on silver also contribute to the metals' appeal.
Why It Matters: Geopolitical tensions in Venezuela drive gold and silver prices higher amid broader economic uncertainties.
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