Gold surges nearly 2% as US capture of Venezuela president
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
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
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
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Gold surges nearly 2% as US capture of Venezuela president
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