WASHINTON, CARACAS – The United States and Venezuela have reportedly reached a multimillion-dollar agreement involving the export of Venezuelan gold to the U.S. market, according to media reports citing sources familiar with the deal.
Under the agreement, Venezuela’s state-owned mining company Minerven will supply between 650 and 1,000 kilograms of gold destined for U.S. refineries. The gold will be delivered to global commodities trader Trafigura, which will transport the metal to the United States under a separate arrangement with the U.S. government.
The contract reportedly requires the gold to have a final purity of about 98 percent. The overall value of the transaction is estimated to exceed $150 million, depending on the final quantity delivered and market prices.
The deal was reportedly facilitated with support from officials linked to U.S. President Donald Trump and forms part of a broader shift in economic engagement between Washington and Caracas. Sources indicate that U.S. Interior Secretary Doug Burgum played a role in finalizing the agreement during a visit to Venezuela.
The agreement marks a notable development in trade relations between the two countries, which have long been strained by sanctions and political tensions. Gold has historically been a key export for Venezuela and an important source of revenue for the government, particularly as the country’s oil industry has faced production declines and international restrictions.
According to reports, the Venezuelan gold shipped under the new arrangement will be processed in U.S. refineries and sold on American markets. Analysts say the deal could help stabilize Venezuela’s finances while also securing additional mineral resources for the United States.
The agreement has also drawn political scrutiny in Washington, with critics raising concerns about transparency and the broader geopolitical implications of increased U.S. involvement in Venezuela’s natural resource sector.