Khaberni - Gold rose more than one percent on Monday, while other precious metals rose after the United States arrested Venezuelan President Nicolás Maduro at the beginning of the week, leading to heightened geopolitical tensions and increased demand for safe-haven assets.
By 01:19 GMT, spot gold had risen by approximately 1.5 percent to $4,395.35 per ounce, reaching its highest level in over a week. The precious metal recorded a record high of $4,549.71 per ounce on December 26, 2025.
U.S. gold futures for February delivery rose by 1.8 percent to $4,405.40.
Gold saw a significant rise in the year 2025, ending the year up by 64 percent, its biggest annual gain since 1979, driven by interest rate cuts, demand for safe havens, and inflows into exchange-traded funds.
Investors currently expect the Federal Reserve (the U.S. central bank) to cut interest rates at least twice this year.
The United States had arrested Maduro last Saturday, in an operation said to have caused civilian casualties, while U.S. President Donald Trump stated that Washington would take control over the country.
However, Vice President Delcy Rodríguez has assumed the position of interim president with support from the Supreme Court of Venezuela and stated that Maduro remains the president of the country.
Assets that do not yield like gold tend to perform well in environments of low interest rates and during times of geopolitical or economic uncertainty.
For other precious metals, silver in spot transactions rose 4.5 percent to $75.86 per ounce, after recording its highest level ever at $83.62 on December 29. Silver ended the year up 147 percent, far outperforming gold, making it the best year ever for the metal.
Silver reached new record levels thanks to its designation as a vital American metal, supply restrictions amid rising industrial and investment demand.
Platinum in spot transactions rose 1.5 percent to $2,175.15 per ounce, after climbing to an all-time high of $2,478.50 on the previous Monday. It increased by more than five percent earlier in the session, reaching a one-week high.
Palladium rose 0.4 percent to $1,645.0 per ounce.
