US Venezuela Gold Deal: An important agreement has been reached between America and Venezuela regarding gold. Under this deal, Venezuelan government mining company Minerven will supply gold to the American market. According to the information, the company will provide gold bars ranging from 650 kg to about 1,000 kg to commodity trader Trafigura. Let us know about this topic in detail….
Venezuela-US gold deal
With this deal between America and Venezuela, it is expected that America is increasing its control over Venezuela’s minerals along with oil. According to the report, in this agreement, instead of gold, Venezuela will be paid in dollars. It is being told that the money received from this deal can be used for the development work of the country.
Under this agreement, the gold bars supplied must have a pure gold content of up to 98 percent. After receiving this gold from Minerven, commodity trading company Trafigura will take the responsibility of transporting it to America.
According to the report, Trafigura will send this gold to the refineries of America under a separate arrangement. For which special arrangements have been made with the American government. This agreement also points to the growing trade relations between Venezuela and America.
American control increasing on oil
According to the information, America has established effective control over Venezuela’s most important resource, oil. Commodity trading company Trafigura is also involved in oil contracts worth more than $1 billion in Venezuela.
While posting on social media on Wednesday, US President Trump said that the flow of oil has started and it is good to see professional cooperation between the two countries.
Also read: Gold Silver Price Today: Did the price of gold and silver increase or decrease today? Know how much you will have to spend to buy these precious metals on March 8.
