Gold price rises after US captures Venezuela’s Maduro
JAN 5 - Precious metal prices have risen after the US capture of Venezuelan President Nicolás Maduro increased investors' concerns about geopolitical Kenya breaking news | Kenya news today |..
✨ Key Highlights
The price of gold surged by 1.8% to around $4,408 per ounce, and silver rose by nearly 3.5%, after the US captured Venezuelan President Nicolás Maduro, raising concerns about geopolitical risks among investors.
- Gold saw its best annual performance since 1979, increasing by over 60% and reaching an all-time high of $4,549.71 on December 26.
- US President Donald Trump vowed to tap into Venezuela's vast oil reserves after seizing Maduro.
- Despite concerns, industry analysts believe the intervention is unlikely to have an immediate impact on energy prices, as Venezuela's oil production accounts for only about 1% of global output.
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Gold Surges on Geopolitical Risk; OPEC+ Pauses Oil Output; Tuna Sets Auction Record - January 2026
The price of gold surged by 1.8% to around $4,408 per ounce after the US captured Venezuelan President Nicolás Maduro, an event which raised geopolitical risk concerns among investors. In the energy market, OPEC+ announced it will continue to pause oil output increases for February and March, citing seasonal factors. This decision, made during a virtual meeting, follows a similar hold on increases that began in January of 2026. Separately, a new record was set at Tokyo's Toyosu fish market, where a 243kg bluefin tuna fetched a staggering 510.3 million yen ($3.2m). The winning bid at the year's first auction was placed by Kiyomura Corp, operator of the Sushi Zanmai chain.
