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Venezuela Gold Set for US Market in Brokered Deal
Venezuela’s state-owned mining company, Minerven, has agreed to sell between 650 and 1,000 kilograms of gold dore bars to commodities trading house Trafigura under a multimillion-dollar arrangement brokered with the involvement of US officials, according to people familiar with the matter. The gold will ultimately be delivered to refineries in the US under a separate arrangement with the US government, the sources said. The contract calls for the metal to contain about 98 percent gold content. At current prices, the shipment could be worth more than US$100 million. A kilogram of pure gold currently trades at ... (full story)
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- Mar 6, 2026 3:21pm Posted byFundamental Analysis231
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