US Treasury Permits Certain Venezuelan Gold Transactions

The US Treasury authorized specific Venezuelan gold transactions after a visit by Doug Burgum. The move aims to support foreign mining investment in the region.

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The United States has issued a license authorizing specific transactions involving gold of Venezuela origin, according to an official update from the Treasury Department. This regulatory shift follows a high-profile diplomatic mission by U.S. Interior Secretary Doug Burgum, who recently visited the South American nation to discuss energy and mineral resources. During his visit, Burgum praised efforts by interim President Delcy Rodriguez to attract foreign investment through legislative reform, echoing sentiments previously expressed by U.S. leadership.

Interim President Delcy Rodriguez and U.S. Interior Secretary Doug Burgum stand together to deliver statements at Miraflores Palace in Caracas, Venezuela. REUTERS/Leonardo Fernandez Viloria
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