AXIOS (Marc Caputo) - Scoop: Trump officials broker massive U.S.-Venezuela gold deal
Venezuela 's state-owned mining company on Monday inked a multimillion-dollar deal to sell as many as 1,000 kilograms of gold destined for U.S. markets, two sources familiar with the deal tell Axios. Why it matters: The arrangement shows the tightening commercial bounds between Venezuela and the U.S. after President Trump ousted that nation's indicted socialist dictator and exerted de facto control over its oil-rich petroleum company. Zoom in: The gold deal requires state-owned company Minerven to furnish 650 to 1,000 kilos of Gold Dore bars to the commodities trader Trafigura, according to one of the sources. - The contract calls for 98% final gold content, the source said. - Trafigura will shepherd the gold to U.S. refineries under a…
Venezuela 's state-owned mining company on Monday inked a multimillion-dollar deal to sell as many as 1,000 kilograms of gold destined for U.S. markets, two sources familiar with the deal tell Axios. Why it matters: The arrangement shows the tightening commercial bounds between Venezuela and the U.S. after President Trump ousted that nation's indicted socialist dictator and exerted de facto control over its oil-rich petroleum company. Zoom in: The gold deal requires state-owned company Minerven to furnish 650 to 1,000 kilos of Gold Dore bars to the commodities trader Trafigura, according to one of the sources. - The contract calls for 98% final gold content, the source said. - Trafigura will shepherd the gold to U.S. refineries under a…Open
