Venezuela's Acting President says plans to boost gold and iron output in 2026, and attract metals investment for FX
The announcement from Venezuela's Acting President indicates a strategic intent to enhance gold and iron production by 2026, highlighting efforts to attract investment in the metals sector as a means to bolster foreign exchange reserves.
[MARKET UPDATE] US equity futures open down (ES -63 points, NQ -297 points); T-Note futures -4 ticks; WTI futures +USD 0.07/bbl; Spot XAU +USD 4/oz
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Venezuela's Acting President says plans to boost gold and iron output in 2026, and attract metals investment for FX
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This could signal a potential increase in supply, which may influence global commodity prices and add volatility in the metals market as investors assess the feasibility and impacts of this plan.
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