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Analyst: Investors reassessing the Venezuela situation leading to a decline in gold prices
Odaily Planet Daily reports that gold prices fell on Wednesday due to a strengthening US dollar and investors reassessing recent developments in the situation between the US and Venezuela. “At the beginning of the new year, the market has been quite chaotic and highly volatile. Therefore, some profit-taking and a reassessment of the Venezuela situation seem necessary,” said Nemo.money Chief Market Analyst Jamie Dutta. Additionally, there are signs that since Maduro’s detention, the US has begun coordinating with the Venezuelan government. (Jin10)