Gold prices rose above $4,450 per ounce on Tuesday, marking a third consecutive session of gains, driven by increased demand for safe-haven assets amid political turmoil in Venezuela. Bullion surged 2.7% on Monday following the US military operation in Venezuela over the weekend that led to the removal of President Nicolas Maduro. President Donald Trump said on Sunday that Washington would temporarily “run” Venezuela and warned of a second strike if the interim government fails to comply with US demands. Investors are also closely monitoring upcoming US labor market data, particularly the December jobs report due on Friday, for further clues on the Federal Reserve’s policy outlook. Meanwhile, Minneapolis Fed President Neel Kashkari on Monday highlighted concerns over persistent inflation and a potential rise in unemployment, while noting that interest rates may be close to a neutral level.
