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The US arrested Venezuelan President Nicolas Maduro last weekend. Geopolitical tension escalated and safe-haven demand heated up, driving gold prices higher on Monday, and other precious metals also rose sharply. As of 05:08 GMT, spot gold was reported at $4406.77 an ounce, up 1.8%, a one-week high; US gold futures for February delivery rose 1.9% to $4413.40. Tim Water, chief market analyst at KCM Trade, said, “The situation in Venezuela has reignited safe-haven demand in the market. Gold and silver are beneficiaries in the context of investors seeking to hedge against geopolitical risks.”

Zhitongcaijing·01/05/2026 05:41:05
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The US arrested Venezuelan President Nicolas Maduro last weekend. Geopolitical tension escalated and safe-haven demand heated up, driving gold prices higher on Monday, and other precious metals also rose sharply. As of 05:08 GMT, spot gold was reported at $4406.77 an ounce, up 1.8%, a one-week high; US gold futures for February delivery rose 1.9% to $4413.40. Tim Water, chief market analyst at KCM Trade, said, “The situation in Venezuela has reignited safe-haven demand in the market. Gold and silver are beneficiaries in the context of investors seeking to hedge against geopolitical risks.”