Gold Jumps Above $4,400 as US Manufacturing Slips to 47.9

Gold Dominates as Momentum Accelerates: Gold prices climbed sharply on Tuesday, with Gold Spot (XAU/USD) trading near $4,449 per ounce, posting a 2.7% daily gain. The advance comes as markets respond to rising geopolitical tensions, particularly developments unfolding in Venezuela, which have renewed demand for safe-haven assets.


Market Performance Remains Firm

The metal recorded a strong single-session advance, reinforcing its short-term momentum. On a weekly basis, gold remains higher by around 2.5%, while monthly gains approach 6%, reflecting sustained interest rather than a brief reaction.
On a longer horizon, gold continues to stand out, with yearly gains exceeding 67%, highlighting its resilience during periods of political and economic uncertainty.


Venezuela Escalation Drives Risk Sentiment

Attention has increasingly shifted to Venezuela, where the political and security situation has shown signs of escalation. Growing external pressure, internal instability, and heightened international scrutiny have raised concerns about the country’s future trajectory and its potential impact on regional stability.
Markets are particularly sensitive to developments that could affect oil production and exports, given Venezuela’s strategic role as a major energy holder. Any disruption or escalation risks spilling over into global energy markets, amplifying uncertainty already present across the financial system.


Safe-Haven Demand Strengthens

Against this backdrop, gold has regained prominence as a preferred hedge. Investors often turn to gold during periods of geopolitical stress, and the combination of strong price performance and rising global tensions has reinforced that trend.


The current move suggests positioning driven by caution and risk management, rather than speculative trading alone.

Broader Implications

With Venezuela’s situation evolving and global markets remaining alert to geopolitical flashpoints, gold continues to benefit from its long-standing role as a store of value. As uncertainty persists, the metal remains firmly supported by both market momentum and underlying demand for safety.