Gold surges as US capture of Venezuelan president spurs safe-haven demandListen to this articlePhoto: ReutersDELHI - Gold prices ​climbed on Monday and other precious metals surged, after the United States captured Venezuelan President Nicolas Maduro over the weekend, escalating geopolitical tensions and lifting safe-haven demand. By midday Thai time spot gold had risen 1.8% to US$4,406.77 per ounce, a one-week high. Vice ⁠President Delcy Rodriguez has taken over as interim leader of Venesuela and said that Maduro remains president. Geopolitical tensions, combined with interest rate cuts, robust central bank purchases and inflows into exchange-traded funds contributed to bullion's 64% gains last year, its biggest annual gain since 1979. Meanwhile, investors are focused ‌on ​non-farm payroll data, which is due Friday, for more cues into potential Fed rate cuts, Waterer added.

Source: Bangkok Post January 05, 2026 11:01 UTC