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Commodity News Details
Gold advances toward $4500 as Venezuela crisis fuels haven demand
06-Jan-2026 14:36
Gold prices surged toward $4490 per ounce in Asia electronic trading on Tuesday, marking a third consecutive session of gains as investors flocked to safe-haven assets amid escalating political turmoil in Venezuela. Bullion jumped more than $100 on Monday following a US military operation over the weekend that resulted in the capture of President Nicolas Maduro, sharply lifting geopolitical risk sentiment. President Donald Trump further intensified concerns after stating that the US would temporarily run Venezuela and warning of a second strike if the interim government failed to meet Washington's demands. Attention has now shifted to key US labor market indicators, with the December jobs report due on Friday expected to offer fresh insight into the Federal Reserve's policy trajectory. In the domestic market, MCX February gold futures rose 0.4% to ₹138625 per 10 grams, mirroring the strong momentum in international prices.

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