Gold prices climbed Monday, while other precious metals also surged after the United States captured Venezuelan President Nicolas Maduro over the weekend, escalating geopolitical tensions and lifting safe-haven demand.<\/p>\n
Edgar Su | Reuters<\/p>\n
Gold\u00a0prices climbed Monday, while other\u00a0precious\u00a0metals also surged after the United States captured Venezuelan President Nicolas Maduro over the weekend, escalating geopolitical tensions and lifting safe-haven demand.<\/p>\n
As of 0312 GMT, spot\u00a0gold<\/a>\u00a0climbed\u00a01.9%\u00a0to\u00a0$4,411.14 per ounce, a one-week high. U.S.\u00a0gold\u00a0futures<\/a>\u00a0for February delivery gained 2.1% to $4,419.90.<\/p>\n “The events in Venezuela have reignited safe-haven demand, with\u00a0gold\u00a0and silver among the beneficiaries as investors look to protect against geopolitical risks,” said Tim Waterer, KCM Trade’s chief market analyst.<\/p>\n The U.S.\u00a0captured\u00a0Maduro on Saturday, in an operation that reportedly caused civilian deaths. Vice President Delcy Rodriguez has taken over as interim leader and said that Maduro remains president.<\/p>\n Geopolitical tensions, combined with interest rate cuts, robust central bank purchases and inflows into exchange-traded funds contributed to bullion’s 64% gains last year, its biggest annual gain since 1979. It hit a record high of $4,549.71 on December 26, 2025.<\/p>\n Federal Reserve Bank of Philadelphia President Anna Paulson\u00a0said\u00a0on Saturday that further central bank rate cuts could be some way off after an active campaign of easing last year.<\/p>\n Her comments come as investors\u00a0still expect at least two rate cuts by the U.S. Federal Reserve this year.\u00a0<\/p>\n Waterer added that\u00a0investors are focused\u00a0on\u00a0non-farm payroll\u00a0data\u00a0due Friday\u00a0for more cues on potential\u00a0Fed\u00a0rate cuts.<\/p>\n Non-yielding assets tend to do well in a low-interest-rate environment and during times of geopolitical or economic uncertainty.<\/p>\n Spot silver<\/a>\u00a0added 4.4% to $75.82 per ounce, after hitting an all-time high of $83.62 on December 29. Silver ended the year surging 147%, far outpacing\u00a0gold, in what was its best\u00a0ever\u00a0year on-record.<\/p>\n Silver was propelled to fresh highs by its designation as a critical U.S. mineral last year\u00a0as well as\u00a0supply constraints\u00a0in the face of rising\u00a0industrial and investment demand.<\/p>\n Spot platinum<\/a>\u00a0was up 2.2% at $2,190.55 per ounce, after rising to an all-time high of $2,478.50 last Monday. It rose more than 5% in early Asia hours to a one-week high. Palladium<\/a>\u00a0was 1.8% higher at $1,667.45 per ounce.<\/p>\n","protected":false},"excerpt":{"rendered":"Gold prices climbed Monday, while other precious metals also surged after the United States captured Venezuelan President Nicolas…\n","protected":false},"author":2,"featured_media":389408,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1386,45,161,49,48,1376,13624,57373,81986,112063,112062,112065,7456,20147],"class_list":["post-389407","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-breaking-news-markets","tag-business","tag-business-news","tag-ca","tag-canada","tag-donald-trump","tag-gold-us-dollar-spot","tag-gold-comex-dec25","tag-nicolas-maduro","tag-precious-metal-markets","tag-precious-metals-industry","tag-silver-us-dollar-spot","tag-trump-administration","tag-venezuela"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/389407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=389407"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/389407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/389408"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=389407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=389407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=389407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}