PRECIOUS-Gold rises over 1% as Maduro capture spurs safe-haven demand
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Gold prices rose over 1% following the U.S. capture of Venezuelan President Nicolas Maduro, which heightened geopolitical tensions and increased safe-haven demand. As of 0119 GMT, spot gold was up 1.5% at $4,395.35 per ounce, while U.S. gold futures for February delivery gained 1.8%. Other precious metals also surged, with silver rising 4.5% to $75.86 per ounce and platinum up 1.5% at $2,175.15 per ounce. The market anticipates at least two rate cuts by the U.S. Federal Reserve this year, further supporting non-yielding assets like gold and silver.
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