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The world is embroiled in Iran war, while Trump snatched Venezuela’s treasure, will take the gold

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Venezuela News: Venezuela’s government mining company Minerven has made a deal to sell 650 to 1000 kg of gold to America. Trafigura will transport this gold to American refineries. According to the report, this agreement is the third major contract related to Venezuelan resources under the Trump administration.

The world is embroiled in Iran war, while Trump snatched Venezuela's treasure, will take the goldZoom

Trump took Venezuela’s gold.

Washington: The eyes of the whole world are on the war between America and Iran. But meanwhile America has played a new game in Venezuela. Venezuela’s government mining company Minerven has signed a big gold deal for America. According to the report of Axios, under this agreement, Venezuela is going to sell 650 to 1000 kg of Gold Dore bars for the US market. According to the report, this gold will be given to Trafigura, the world’s largest commodity trading company. Trafigura will transport this gold to American refineries, for which a separate arrangement has been made with the US government. This deal is not just the buying and selling of gold but is being considered a big sign of the changing geopolitics and economic relations between America and Venezuela.

This deal is being considered a sign of increasing economic cooperation between America and Venezuela. There has been a rapid change in relations between the two countries in recent months and the US has initiated new trade agreements with Venezuela’s oil and mineral resources. It was reported in the report that US Home Secretary Doug Burgum played an important role in finalizing this deal. He recently reached Venezuela, where he talked about increasing cooperation in the oil and mineral sectors.

There will be a deal worth millions of dollars

If we look at the current market price, the price of one kilogram of gold is around 1.66 lakh dollars (about Rs 1.3 crore). According to this, this deal of 1000 kg gold can be worth crores of dollars. This deal has happened at a time when the price of gold is continuously increasing due to economic uncertainty and war-like situation in the world. Besides, due to increasing tension in the Middle East, movement is also being seen in the energy and commodity markets. At the same time, China is continuously accumulating gold and silver in its reserves.

What are MPs saying on this deal in America?

It is being told that this is the third major extraction contract for Venezuelan resources under the supervision of the Trump administration. Earlier, agreements worth billions of dollars related to oil have also been made, in which many American companies have been involved. However, controversy has also started in America regarding this deal. Some American lawmakers and opposition leaders have alleged that the US is establishing more control over Venezuela’s natural resources. Supporters of this agreement say that this will give Venezuela access to the international market and stable financial system.

About the Author

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Yogendra Mishra

Yogendra Mishra has graduated in Journalism from Allahabad University. He has been associated with media since 2017. After serving in News Nation, TV 9 Bharatvarsh and Navbharat Times, now News18 is…read more



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