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[US Media: US Officials Facilitate $1 Billion Gold Deal Between US and Venezuela]
Odaily Planet Daily reports that two sources revealed that Venezuela's state-owned mining company signed a multi-hundred-million-dollar agreement on Monday to sell up to 1,000 kilograms of gold to the US market. This indicates that commercial ties between Venezuela and the US are becoming increasingly close. One source stated that the gold transaction requires Venezuela's state enterprise Minerven to provide 650 to 1,000 kilograms of gold bars to commodity trader Trafigura. The contract stipulates a final gold purity of 98%. Currently, the price of one kilogram of pure gold is about $166,000. Another source said that Trafigura will transport the gold to a US refinery according to a separate arrangement with the US government. US Secretary of the Interior Doug Burgum arrived in Venezuela on Wednesday to discuss oil and mineral opportunities and to facilitate this gold deal. (Gold Ten)