US Venezuela Action Fuels Gold Surge: Maduro Arrest Shocks Markets, Drives Safe-Haven Demand
Personal Finance
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CNBC Awaaz•05-01-2026, 07:41
US Venezuela Action Fuels Gold Surge: Maduro Arrest Shocks Markets, Drives Safe-Haven Demand
- •Gold prices surged over 1% in Asian markets, with spot gold hitting $4,374/ounce, following a major US military operation in Venezuela.
- •Venezuelan President Nicolas Maduro was arrested in Caracas by US forces and taken to the US to face criminal charges, sparking global uncertainty.
- •The unexpected US intervention led investors to abandon risky assets and flock to safe-haven investments like gold, silver, and platinum.
- •Concerns over Venezuela's oil supply, given its vast reserves, intensified market nervousness, further boosting demand for precious metals.
- •This surge adds to an already favorable environment for gold, supported by anticipated US interest rate cuts and central bank buying.
Why It Matters: US action in Venezuela triggered a gold price surge as global uncertainty drove investors to safe havens.
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