Gold Surges 1.9% as Maduro Capture Sparks Safe-Haven Rally

Narrative B

Venezuela's economic impact on global markets is negligible, with its GDP collapsed from $350 billion to just $80 billion — a drop in the bucket of the $116 trillion world economy. Current Venezuelan oil production of 950,000 barrels per day is immaterial in a global market producing 103 million barrels daily, and most refineries can't even process Venezuela's heavy crude. The recent gold price movements reflect broader safe-haven buying patterns, not Venezuela-specific factors.