US Media: US Officials Facilitate 1,000 Kilograms of Gold Deal Between the US and Venezuela

SmartContractAuditor · 2026-03-05T03:08:03+00:00

Venezuela's state-owned mining company signed a multi-hundred-million-dollar agreement with U.S. trader Tock on Monday to sell up to 1,000 kilograms of gold, indicating increasingly deepening commercial ties between the two countries. The contract requires a gold purity of 98%, and the U.S. Secretary of the Interior also discussed this.

SmartContractAuditor

2026-03-05 03:08:03

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Odaily Planet Daily reports that two sources revealed that Venezuela’s state mining company signed a multi-million dollar agreement on Monday to sell up to 1,000 kilograms of gold to the U.S. market. This indicates that business ties between Venezuela and the United States are growing closer. 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 U.S. refinery based on a separate arrangement with the U.S. government. U.S. Secretary of the Interior Doug Burgum arrived in Venezuela on Wednesday to discuss oil and mineral opportunities and to facilitate this gold deal. (Jin10)

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