Gold vaults to record high as US-Venezuela tensions flare

Gold has reached a new record high. Investors are flocking to the yellow metal as a safe haven. Tensions over Venezuelan oil shipments are rising. Silver prices are also near all-time highs. The U.S. Federal Reserve is expected to cut interest rates. This environment benefits non-yielding assets like gold. The U.S. dollar is weakening, making gold cheaper for foreign buyers.