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Gold miners rise after Maduro's capture fuels safe-haven demand

ReutersJan 5, 2026 2:37 PM

Shares of gold miners rise, tracking the price of bullion GOL/

Spot gold XAU= up 2% at $4,418.7/ounce

Prices sprint higher edging closer to their record peak as geopolitical turmoil stirred up by the U.S. capture of Venezuelan President Nicolas Maduro sparked a flight to safety

"Gold is benefiting from the U.S.-Venezuela escalation over the weekend. This has increased demand for the safe-haven precious metal as it adds to uncertainties market participants are already grappling with," says Zain Vawda, analyst at MarketPulse by OANDA

Top miner Newmont NEM.N rises 2% and Barrick Mining ABX.TO, B.N gains 2.5%

U.S. listed shares of South African miners Gold Fields GFI.N climb 2.2%, Harmony Gold HMY.N up 3% and Sibanye Stillwater SBSW.N advances ~6%

Canadian miners Agnico Eagle Mines AEM.TO up 2.3% and Kinross Gold K.TO gains ~2%

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