Venezuela, geopolitical risk and Gold
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silver, gold and prices
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The price of gold historically rises during periods of geopolitical uncertainty. And that's a pertinent concern right now amid tensions between the United States and Venezuela. While no one knows exactly what will happen next, this uncertainty can (and historically does) encourage investors to turn toward safe-haven assets like gold .
Gold prices climbed Monday and other precious metals surged, after the United States captured Venezuelan President Nicolas Maduro over the weekend, escalating geopolitical tensions and lifting safe-haven demand.
Gold futures rose 2% to trade above $4,450 per troy ounce while silver futures gained as much as 7% to around $76 per ounce. Other metals, including copper, also gained as Maduro and his wife appeared before a judge in New York City on charges related to narco-terrorism.
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