Gold Surges Amid Geopolitical Turmoil Following U.S. Intervention in Venezuela

Gold prices soared more than 2% on Monday as investors flocked to safe-haven assets following a dramatic U.S. military operation in Venezuela. The capture of President Nicolas Maduro and his subsequent extradition to the United States marked the most direct American intervention in the country in decades, sending shockwaves through global markets.

Spot Gold traded at $4,432.12 per ounce, while U.S. gold futures for March delivery rose 2.7% to $4,444.30. Silver outperformed, jumping nearly 5%, with platinum and palladium also posting gains. The rally extended gold's 2025 surge to over 60%, briefly pushing prices to a record $4,549.71 before profit-taking emerged.

Venezuela's substantial gold reserves—161 metric tons worth approximately $22 billion at current prices—added fuel to the geopolitical tensions. President Trump's declaration of requiring 'total access' to Venezuelan resources, including its oil reserves, heightened market uncertainty.