Trump officials reportedly brokered a large US-Venezuela gold deal, with the Venezuela state gold miner inking a multi-million dollar deal on Monday to sell up to 1,000 kilos of gold destined for US markets to Trafigura, according to Axios sources
Newsquawk Staff ·
Trump officials reportedly brokered a large US-Venezuela gold deal, with the Venezuela state gold miner inking a multi-million dollar deal on Monday to sell up to 1,000 kilos of gold destined for US markets to Trafigura, according to Axios sources.
What it means
This report of Trump officials facilitating a significant US-Venezuela gold deal signals a potential thaw in relations that may impact market dynamics. The shipment of gold to US markets could affect gold prices and influence forex flows, particularly the USD against other currencies. Traders should watch for how this development shapes sentiment in commodities and related assets.
Sources
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