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US Secures 1,000kg Gold: Venezuela's Minerven Inks Deal with Trafigura
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Venezuelan Minerven to Sell 1,000kg Gold to US via Trafigura in Multi-Million Deal
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CNBC Awaaz
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07-03-2026, 17:38
Venezuelan Minerven to Sell 1,000kg Gold to US via Trafigura in Multi-Million Deal
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Venezuelan state-owned Minerven to sell 650-1,000 kg gold to commodity trader Trafigura in a multi-million dollar deal for the American market.
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Trafigura will deliver the gold to US refineries under a separate arrangement with the US government, signaling growing US-Venezuela trade ties.
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US Interior Secretary Doug Burgum's visit advanced this gold contract, part of the third extraction deal under the Trump administration.
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The US has gained control over Venezuela's oil resources, with Trafigura also involved in over $1 billion in oil contracts.
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Donald Trump praised the cooperation, while some US Democrats and liberal groups criticized the US's actions regarding Venezuela's resources.
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