How will Venezuela crisis impact Gold, Silver and Oil prices?
Venezuela Crisis to Impact Gold And Silver: The first full trading week of 2026 could be stressful for global markets following a major geopolitical shock related to Venezuela, the country with the world's largest oil reserves.
Late Friday night, the US launched a large-scale military attack on Venezuela, detaining President Nicolás Maduro and his wife. Following this, US President Donald Trump said that the US now controls Venezuela. He said that the US will run Venezuela until the situation there stabilizes. The US has accused Venezuelan President Nicolás Maduro of drug trafficking.
Investors' attention has shifted towards safe-haven assets like gold and silver
This is a major international event. After this incident, investors' attention has shifted more towards safe-haven assets like gold and silver. Meanwhile, oil prices are expected to rise due to fears of disruptions in oil supply.
Crisis could also cause turmoil in the energy market
Venezuela crisis could also cause turmoil in the energy market (oil and gas), and people may move towards safer investments. The beginning of 2026 was good for gold. The price of gold rose by more than 1 percent to approximately $4,370 per ounce. This was due to global tensions and the expectation that the US might lower interest rates this year.
Base metal prices (such as copper and aluminum) also saw a surge at the beginning of the year. Copper reached near record levels, and aluminum crossed $3,000 per ton for the first time since 2022. Strong demand in Asian markets supported these prices.