Trump Team, Venezuela Broker Gold Export Deal, Axios Reports

The Trump administration and Venezuela’s state mining company finalized a deal that would see the South American country selling as much as 1,000 kilograms of gold to US markets, the news website Axios reported on Wednesday.

The deal would require the Venezuelan-owned Minerven to sell between 650 to 1,000 kilos of gold dore bars to the commodities trader Trafigura, Axios said, citing anonymous people familiar with the matter. Trafigura, according to the report, would then distribute the gold to US refineries under a separate arrangement.