The US has received gold worth $ 100 million from Venezuela, announced US Secretary of the Interior Douglas Burgum.
“It is being repurposed for industrial and commercial use“, he said in an interview with Fox News.
Earlier, Axios reported that the US has reached an agreement with Venezuelan leaders to deliver up to 1 ton of gold bars to the US. According to the portal, Venezuelan state-owned company Minerven is expected to deliver approximately 650-1,000 kg of gold to Trafigura, which will deliver the bars to US refineries.
Investors are increasingly turning to gold as a safe haven amid global financial uncertainty and rising geopolitical tensions following US strikes on Iran, which affected shipping through the Strait of Hormuz, EFE notes.