Gold prices rose in early Asian trading at a time when Venezuelan President Nicolas Maduro was ousted and geopolitical risks intensified, which may increase the safe-haven appeal of this precious metal. Spot gold rose 1% to $4372.81 an ounce. The US ousted Venezuelan President Nicolas Maduro during a military raid early Saturday morning. Neil Shearing of KITU Macro commented, “The impact of US gunboat diplomacy is likely to be greater within Latin America. “The group's chief economist added: “One key hot topic to focus on is whether those concerns about the drug trade and organized crime, which were used to defend actions against Maduro, will be used to force Mexico to make concessions. ”

Gold prices rose in early Asian trading at a time when Venezuelan President Nicolas Maduro was ousted and geopolitical risks intensified, which may increase the safe-haven appeal of this precious metal. Spot gold rose 1% to $4372.81 an ounce. The US ousted Venezuelan President Nicolas Maduro during a military raid early Saturday morning. Neil Shearing of KITU Macro commented, “The impact of US gunboat diplomacy is likely to be greater within Latin America. “The group's chief economist added: “One key hot topic to focus on is whether those concerns about the drug trade and organized crime, which were used to defend actions against Maduro, will be used to force Mexico to make concessions. ”