Gold prices rose on Monday, with other precious metals also climbing, after the United States arrested Venezuelan President Nicolás Maduro over the weekend. The move escalated geopolitical tensions and boosted demand for safe-haven assets.
اضافة اعلان
By 05:08 GMT, spot gold was up 1.8% at USD 4,406.77 per ounce, its highest level in a week. U.S. gold futures for February delivery rose 1.9% to USD 4,413.40 per ounce.
Tim Waterer, Chief Market Analyst at KCM Trade, said: “Events in Venezuela have reignited demand for safe havens, with gold and silver among the beneficiaries, as investors seek to hedge against geopolitical risks.”
On Saturday, the United States arrested Maduro in what was described as Washington’s most controversial intervention in Latin America since the invasion of Panama 37 years ago. Vice President Delcy Rodríguez assumed the role of interim leader, stating that Maduro remains the president.
Geopolitical tensions, along with interest rate cuts, strong central bank buying, and inflows into exchange-traded funds, helped bullion post gains of 64% last year—the largest annual increase since 1979. Gold reached a record high of USD 4,549.71 per ounce on December 26, 2025.
Philadelphia Federal Reserve President Anna Paulson said on Saturday that further interest rate cuts may not be imminent following an aggressive easing cycle last year. Her comments came as investors continue to expect at least two rate cuts this year.
Meanwhile, investors are focusing on the upcoming nonfarm payrolls data due on Friday for additional signals on a potential rate cut, according to Waterer.
Non-yielding assets typically perform well in low interest rate environments and during periods of geopolitical or economic uncertainty.
Spot silver rose 3.9% to USD 75.46 per ounce, after touching a record high of USD 83.62 per ounce on December 29. The metal posted its best year ever, surging 147%, driven by its designation as a critical mineral in the United States last year and supply constraints amid growing industrial and investment demand.
Spot platinum climbed 2.2% to USD 2,189.88 per ounce after hitting a record high of USD 2,478.50 per ounce last Monday. It also jumped more than 5% during early Asian trading hours to its highest level in a week. Palladium rose 2.1% to USD 1,671.95 per ounce. (Reuters)
