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06.03.26 - 05:12
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Trump Team Brokers Gold Deal With Venezuela: Up To 1,000 Kg Headed To U.S. Markets (ZeroHedge)
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Trump Team Brokers Gold Deal With Venezuela: Up To 1,000 Kg Headed To U.S. Markets
As things continue to pop off in the Middle East, the United States is still focused on Venezuela - and has brokered a multimillion-dollar gold deal.
The agreement, first reported by Axios, involves the sale of between 650 and 1,000 kilograms of gold doré bars - which are semi-refined with approximately 98% gold content - from Venezuela's state-owned mining company, Minerven, to the global commodities trader Trafigura. The gold is destined for refineries in the United States, marking a shift in Venezuela's resource exports toward American markets.
The deal, valued at roughly $163,000 per kilogram based on current gold prices amid global economic uncertainty, marks the third extraction contract overseen by the Trump administration since U.S. forces captured Maduro on January 3. It's part of a broader effort to stabilize and reconstruct Venezuela's economy under U.S. influence, with the White House assert...
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