US Authorization of Venezuelan Gold Transactions Sparks Interest in Gold Market

US Issues License to Allow Certain Venezuelan Gold Transactions

The US Treasury issues a license that permits select deals with Venezuelan gold. The license covers trades with Minerven and its firms. These firms export, sell, buy, deliver, or move Venezuelan gold into the US. Each trade must use a contract set by US law.

Political and Regulatory Context Supporting Gold Mining in Venezuela

US Interior Secretary Doug Burgum visits Venezuela to seek mining chances. He meets government leaders who work on new mining rules. Interim President Delcy Rodriguez backs laws that attract foreign funding and give mining companies more control. The rules lower taxes and allow companies to control their work. The law may let gold production and exports grow.

Restrictions on Payments and Transactions

The license sets firm limits on payments and trades. It demands that funds to listed persons flow through Foreign Government Deposit Funds. Trades with partners linked to the Venezuelan government, such as those tied to Russia, Iran, North Korea, Cuba, or China, are banned. It stops trades with Venezuelan digital money or debt swaps as well.

Venezuela’s Untapped Mineral Potential and Gold Production

Venezuela holds large mineral supplies. It owns gold, iron ore, bauxite, and coltan. Yet, weak infrastructure and low funding keep output small. In 2025, Venezuela produced nearly 9.5 tons of gold bullion. With more funds and search work, gold production may grow. US rules have long kept firms like Minerven and CVG under limits, which has kept many foreign firms away.

Impact on the Global Gold Market and Gold Investing

The new license may shift gold prices and the global market. It could send more gold bullion from Venezuela to US buyers. Better work in Venezuela might change safe-haven patterns amid global risks and economic shifts. US mining firms now seen in Venezuela may spark more interest in the area.

Summary

US permission for select Venezuelan gold trades marks a change in the market. The step may unlock more gold production. New mining laws and a focus on secure foreign funds add to this change. The shifts tie to global trends in gold output and safe-haven buying and affect gold price moves.

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This article was generated by Hivebox AI in collaboration with nGRND.
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