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U.S. Secures $150M Gold Deal with Venezuela Amid Diplomatic Shift

3/5/2026

30 7 Full Breakdown

Summary

Story summary

On March 4, 2026, Minerven signed a deal with Trafigura to sell up to 1,000 kg of gold dore bars for United States markets, valued over $150 million.
Doug Burgum, United States Secretary of the Interior, facilitated the deal during his visit to Venezuela.
The contract is the third resource-extraction deal brokered by U.S. President Donald Trump’s administration, signaling a shift in United States diplomacy with Venezuela's interim leadership.

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Story summary

On March 4, 2026, Minerven signed a deal with Trafigura to sell up to 1,000 kg of gold dore bars for United States markets, valued over $150 million.
Doug Burgum, United States Secretary of the Interior, facilitated the deal during his visit to Venezuela.
The contract is the third resource-extraction deal brokered by U.S. President Donald Trump’s administration, signaling a shift in United States diplomacy with Venezuela's interim leadership.