Caracas, Venezuela – Gold hit a record high in financial markets today amid escalating political turmoil in Venezuela, where widespread protests, clashes between security forces and citizens, and internal crises threaten the stability of both the government and the opposition.
Investors were directly affected by these developments, turning to gold as a safe haven against risk, which led to a rise in the price of an ounce by more than 3% in recent hours. Meanwhile, global stock indices recorded a sharp decline due to fears of the uncertainty spreading to energy and oil markets.
Economic analysts say the Venezuelan crisis is no longer just a domestic issue, but has become a driving force behind international market volatility, especially given Venezuela’s vast oil reserves. Any political instability there impacts global crude oil and commodity prices.
Estimates also suggest that continued chaos without urgent political solutions could exacerbate pressure on investors and increase demand for gold as a safe haven asset, with prices expected to rise steadily in the coming weeks. This makes the Venezuelan crisis a key focus of attention on the international economic stage.
