Gold prices rose sharply in early Asian trading Monday, climbing about 1.8%, following the U.S. capture of Venezuelan President Nicolás Maduro. The geopolitical shock drove investors toward safe-haven assets, also lifting silver by nearly 3.5%. The precious metals are rebounding after recent dips, with gold having posted its strongest annual gain since 1979 last year amid interest rate cut expectations and central bank purchases.
Meanwhile, oil prices showed little immediate change as markets assessed the potential impact on global crude supplies. U.S. President Donald Trump vowed to tap Venezuela’s reserves but analysts note the nation’s oil infrastructure is in steep decline, contributing only about 1% of global output. Experts suggest the event is unlikely to swiftly affect energy costs for consumers and businesses.
