Venezuelan Oil Blockade Spurs Gold Rally to Record $4,400 Amid Market Turmoil
Gold prices surged to an unprecedented $4,400 per ounce as Venezuela's oil blockade intensified global market uncertainty. The disruption of crude shipments has not only elevated oil prices but also reignited demand for traditional safe-haven assets.
Tokenized gold products, particularly Tether Gold, are witnessing heightened interest as investors seek 24/7 exposure through cryptocurrency channels. This trend underscores gold's evolving role as a hedge, now augmented by blockchain accessibility.
Bitcoin and digital Gold representations are increasingly viewed as complementary assets within modern portfolios. The current crisis highlights how geopolitical tensions accelerate the convergence of traditional stores of value and decentralized finance mechanisms.
