Venezuela, oil tanker
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Venezuela transported gold worth almost 4.14 billion Swiss francs ($5.20 billion) to Switzerland during the early years of the leadership of ousted President Nicolas Maduro, customs data shows.
Bank of England keeps billions in Venezuelan gold frozen since 2020 amid legal battle following Nicolás Maduro's arrest and interim leader appointment.
Gold -- like oil -- is crucial for Venezuela's government. NPR's Leila Fadel speaks with CNN journalist Isa Soares, who won an Emmy for her coverage of the gold trade in the country.
Key Takeaways Gold and silver prices are back near record highs after the U.S. removed Venezuelan President Nicolás Maduro from office and brought him to the U.S. to face criminal charges.The developments in Venezuela have heightened geopolitical uncertainty,
The Trump administration wants to encourage private equity to invest in critical mineral projects in Venezuela with offtakes back
Gold prices surge amid US intervention in Venezuela, driven by geopolitical tensions, with analysts predicting ongoing volatility in markets.
The U.S. ousting of Venezuela’s Nicolás Maduro, alongside threats of further gunboat diplomacy, are stoking demand for safe-haven assets.
Gold is back in control, trading near $4420 per ounce after a sharp 2% rally pushed prices to fresh record territory at the start of the week. The immediate catalyst was political shock.
Venezuela has the largest oil reserves, the ninth-largest natural gas reserves, and vast untapped minerals such as gold.
For portfolio manager Ben Cleary, whose hedge fund more than doubled its money last year, Venezuela in the aftermath of Donald Trump’s controversial attack is one of the biggest ever opportunities for investors to make money.
The Daily Overview on MSN
Venezuela borrowing costs plunge as investors chase a gold rush
Venezuela's long-frozen bond market has roared back to life, sending borrowing costs sharply lower as investors rush into defaulted debt that only months ago was considered untouchable. Prices on both sovereign and state oil company securities have jumped in a matter of days,