In response to rising political strain after the recent U.S. military move in Venezuela, global gold prices reached a one-week high. Investors choose gold when political risks rise. Gold stays a favored asset when events unsettle markets.
On January 5, 2026, spot gold jumped 2.7% to US$4,444.52 per ounce. Gold touched a peak on December 29 earlier the same day. The boost followed the U.S. move in Venezuela that removed President Nicolás Maduro. Washington acted in Latin America in a way not seen since 1989. This action made many worry about political risk, energy supply cuts, and market shifts.
The February gold contracts rose 2.8% to US$4,451.50 per ounce. Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany, spoke of a rise in safe-haven demand because of the Venezuela incident. His words tied the price jump to worries on political unrest and money policies.
Gold has risen over time. Prices grew by 64% in 2025 when politics and lower interest rates played a role. Gold does not pay interest, so it wins appeal when rates drop and inflation and political risk press in. Anticipation of lower rates from the Fed, central bank buys, and inflows to gold ETFs add to its pull.
The U.S. action in Venezuela and the change in power have further pushed gold prices. Washington warned it might act again if Caracas blocks plans to open its oil market or stops drug issues. These moves hint at steps that could also affect Colombia and Mexico, which makes regional balance harder to keep.
Other metals reacted as well. Silver climbed 5.2% to US$76.37 per ounce. Platinum and palladium rose by 5.9% and 3.4%. New data and upcoming U.S. economic figures may slow the current price moves.
On Tuesday morning, January 6, Bloomberg said that spot gold held near US$4,451 per ounce in Singapore trades while silver fell a bit. Traders now watch the U.S. jobs report set for Friday. This report may affect Fed policies and, in turn, precious metal prices.
This event shows how assets like gold keep their place in finance when markets face risk from politics and economic shifts. Global events and money policies steer investor choices and help gold stand as a store of value amid uncertainty.
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This article was generated by Hivebox AI
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