US transferred $100 million in gold from Venezuela, according to Secretary of the Interior

The United States transferred $100 million in gold from Venezuela to be allocated to industrial investments, amid bilateral rapprochement following the capture of Nicolás Maduro.

US transferred $100 million in gold from Venezuela, according to Secretary of the Interior

TL;DR

  • The US transferred $100 million in gold from Venezuela for industrial investments.
  • This is the first precious metals shipment between Venezuela and the US in over 20 years.
  • US Secretary of the Interior Doug Burgum visited Venezuela and met with interim president Delcy Rodríguez.
  • Burgum described Venezuela's mining industry as collapsed but found governmental commitment to modernize it.
  • Opposition leader María Corina Machado presented an energy plan to US oil executives at CERAWeek.
  • The US captured Nicolás Maduro in January and supports Rodríguez's administration.