Ammon News - 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.

As of 0312 GMT, spot gold climbed 1.9% to $4,411.14 per ounce, a one-week high. U.S. gold futures for February delivery gained 2.1% to $4,419.90.

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.

Spot silver added 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 gold, in what was its best ever year on-record.

Spot platinum was 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 was 1.8% higher at $1,667.45 per ounce.

Reuters