Analyst: Investors Reassess Venezuela Situation Leading to Gold Price Decline

Odaily News Gold prices fell on Wednesday due to a stronger US dollar and investors reassessing the recent developments in the situation between the United States and Venezuela. "The market has been quite chaotic and volatile since the start of the new year. Therefore, some profit-taking and a reassessment of the Venezuela situation seem necessary," said Jamie Dutta, Chief Market Analyst at Nemo.money. Additionally, there are signs that the US has begun coordinating with the Venezuelan government since Maduro was detained. (Jin10)