Gold Soars Again: US Action Against Maduro Fuels Safe-Haven Demand, Market Turmoil

• Gold prices surged again, reaching new highs, contrary to earlier expectations of a fall.
• The increase is linked to the US military operation leading to the arrest of Venezuelan President Nicolas Maduro, causing global market uncertainty.
• Spot gold hit $4,374 per ounce; US gold futures for March delivery rose to $4,381 per ounce.
• Investors shifted to safe-haven assets like gold and silver due to geopolitical risks and concerns over Venezuela's oil supply.
• Other precious metals like silver (up 2.4% to $74/ounce) and platinum (up 3% to $2,200/ounce) also saw significant gains.

Why It Matters: Geopolitical tensions, specifically US action in Venezuela, drove gold prices to new highs as investors sought safety.