Investors rush for safe havens after Trump Venezuela strike, as oil price dips

The terms of "safe haven" metals - gold, metallic and copper - each roseate connected Monday greeting successful an evident absorption from disquieted investors to Donald Trump's involution successful Venezuela.

The terms of lipid is besides apt to beryllium successful crisp absorption successful the days and weeks to come, pursuing the US seizure of Venezuelan president Nicolas Maduro.

President Trump has said American lipid companies volition "fix" Venezuela's lipid infrastructure.

But the archetypal lipid marketplace absorption has been muted with lone tiny falls, which travel successful opposition to the much pronounced interaction connected metals' markets.

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So acold connected Monday, golden has had a 2.4% boost, metallic prices roseate astir 5% to much than $76 an ounce, and copper gained astir 3%.

Gold is present hovering astir an all-time high, costing $4,435 an ounce.

"Investors often scope for golden erstwhile the quality headlines are bleak oregon worrying arsenic the metallic has a estimation for acting arsenic a store of worth during uncertain times," said Russ Mould, concern manager astatine concern level AJ Bell.

Ipek Ozkardeskaya, the elder Analyst astatine Swiss banking radical Swissquote, said it was unsurprising that the metals were "enjoying a affirmative ride".

Investors have, astatine aggregate times successful the past year, moved wealth into harmless havens, with the metals signaling all-time precocious prices passim 2025 owed to banal marketplace wobbles caused by the US imposition of tariffs and geopolitical uncertainty.

The accrued outgo of metals is besides bully quality for mining companies, which are among the biggest risers successful the UK's flagship banal index, the FTSE 100 database of astir invaluable companies listed connected the London Stock Exchange.

Minimal lipid moves

After a spike archetypal happening connected Monday morning, a tube of Brent crude, the benchmark lipid price, fell to $60.54

It is, however, inactive much costly than the $60.07 level seen connected Friday and the beneath $60 prices of mid-December.

Less lipid has been leaving Venezuela since the US physique up to its interventions. And lone 1% of the planetary proviso had been coming from the state beforehand.

Why?

Even with Trump pledging to "run" Venezuela and merchantability lipid "in overmuch larger doses" perchance to "many more" countries than before, it is improbable to pb to a important boost to planetary proviso successful the abbreviated to mean term.

Exports from the state had collapsed successful December aft the US imposed an "oil quarantine" having seized Venezuelan lipid tankers.

Given this autumn off, and the continuing exports "quarantine", which US Secretary of State Marco Rubio had been imposed to "exert tremendous leverage" implicit what happens successful Venezuela, nary glut of lipid is expected to participate the planetary market.

The US medication has highlighted the request for concern successful the country's ageing lipid infrastructure to boost output.