Gold Price Forecast: XAU/USD jumps above $4,350 on US-Venezuela tensions

Gold price rises to near $4,370 in Monday’s early Asian session. 

Geopolitical tensions and Fed rate cut bets boost the Gold price. 

The US ISM Manufacturing PMI report is due later on Monday, ahead of the highly anticipated NFP data. $BTC

Lallalit SrijandornFXStreet

Gold price (XAU/USD) climbs to around $4,370 during the early Asian trading hours on Monday. The precious metal extends its upside amid a renewed surge in geopolitical risk after the United States' (US) capture of Venezuelan President Nicolas Maduro. Traders will closely monitor developments surrounding the US seizure of Maduro and await the US ISM Manufacturing Purchasing Managers' Index (PMI) data later on Monday.$ETH  

CNN reported over the weekend that the US President Donald Trump administration called a “large-scale strike against Venezuela” and captured its President Maduro to face charges. This action came without the approval of Congress. Trump added that the US will be running Venezuela until it can do a safe, proper, and judicious transition#BTC90kChristmas #BTCVSGOLD

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