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PRECIOUS METALS | U.S. Receives $100M in Gold from Venezuela

A new gold trade agreement between the United States and Venezuela is drawing global attention in the precious metals market.

Under the deal, Venezuela’s state-owned mining company Minerven will supply 650–1,000 kilograms of gold doré bars to international commodities trader Trafigura, which will then deliver the gold to U.S. refineries. The shipment is estimated to be worth around $100 million or more, depending on the final quantity and market price

Analysts say the deal could:
• Strengthen U.S. access to critical minerals
• Help revive Venezuela’s struggling mining industry
• Increase global focus on gold as a strategic asset

With geopolitical tensions and economic uncertainty rising, precious metals especially gold are again becoming central to global financial and resource strategies.

Markets will be watching closely to see whether this is the start of broader U.S. Venezuela resource cooperation.

#Gold #PreciousMetals #Commodities #Venezuela #UnitedS
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