On September 2, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General Licenses 51D, 54C, and 55A, which ease sanctions applied to the coal and minerals industry in Venezuela, including gold.

The licenses pave the way for “international commercial operations, service provision, and investments with state-owned companies such as Carbones del Zulia S.A. (Carbozulia) and CVG Compañía General de Minería de Venezuela C.A. (Minerven) with U.S. entities.”

Specifically, License 51D “authorizes the export, re-export, purchase, sale, transportation, and refining of Venezuelan coal and minerals and stipulates that all monetary payments to blocked individuals or state entities must be deposited in Foreign Government Deposit Funds, preventing the direct transfer of foreign currency without oversight,” and establishes the obligation that any litigation or arbitration be resolved in courts in the United States, the United Kingdom, France, or Singapore.

On the other hand, License 54C allows the provision of “goods, services, technology, software, and preventive maintenance or repair of equipment necessary for mineral exploration and processing in the country.” However, it stipulates that “companies providing these services must submit reports every 90 days to the Department of State and the Department of the Interior detailing the parties involved, volumes, amounts, and taxes paid.”

Finally, LG 55A allows the negotiation and signing of “letters of intent, memoranda of understanding, and bid offers for future investments or the creation of joint ventures,” with the essential condition that “the execution of any new project will depend on additional specific authorization or a license from OFAC.”

Among the applicable restrictions are prohibitions aimed at containing the influence of countries it considers non-aligned and untraceable payment schemes. The new licenses prohibit any transaction, joint venture, or refining involving individuals, companies, or governments from Russia, Iran, North Korea, Cuba, and China. It also restricts any payments in cryptocurrencies or Venezuelan government tokens (including the Petro), as well as debt swaps or in-kind payments.

M.Pino

Source: contrapunto

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La entrada OFAC issues licenses easing sanctions on Venezuela’s mining sector apareció primero en Bitfinance.

A new set of licenses was announced by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) on June 10. The resolutions expand and update the authorizations for energy and mining operations related to the country.

Licenses 46C, 47A, 48B, 50B, 51B, 52A, and 54A immediately supersede the previous versions published between February and March of this year.

“Among the most relevant changes, OFAC authorized new operations related to the export, marketing, and transportation of Venezuelan oil and petrochemical products to the United States.”

According to the announcement, the benefit covers U.S. companies established before January 29, 2025. “License 50B also ratified permits for transnational corporations such as Chevron, Repsol, Shell, BP, Eni, and Maurel & Prom for activities related to the Venezuelan oil and gas sector.”

On the other hand, license 47A authorizes the export of diluents to Venezuela, and license 48B authorizes the “supply of technology, software, equipment, and services for oil, petrochemical, and electrical projects within the country.”

In the mining sector, operations related to Venezuelan minerals, including gold, are being made more flexible through licenses 51B and 54A, which will allow the export, transport, processing, and supply of goods linked to mining activities under strict oversight mechanisms and periodic reporting.

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La entrada OFAC issues new licenses for oil, gas, and gold trading in Venezuela apareció primero en Bitfinance.

Minister of Mines Héctor Silva, President of the Central Bank of Venezuela (BCV) Luis Pérez, and Vice President of the Venezuelan Mining Corporation (CVM) Jesús Mieres, held a meeting with miners from Las Claritas and KM88 to resume mining activity, aiming to boost the production of the strategic mineral gold.

Strengthening of gold production and protection of the Orinoco Mining Arc

The meeting and its participants were accompanied by the Orinoco Mining Arc Protection Group (GPAMO), in order to revitalize production in the area. In this way, the CVM would guarantee the flow of supplies such as fuel and other elements necessary for growth, as well as the monitoring and training of miners in anticipation of new national and international investments.

With information from other national media outlets and social networks

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La entrada National Government holds meeting to resume mining activity in Las Claritas and KM88 apareció primero en Bitfinance.

France sold 129 tons of gold it held in the US Federal Reserve to buy new bars in Europe, realizing a profit of €12.8 billion.

The process began in July 2015 and concluded in January of this year. “Instead of refining and transporting the old gold from the United States, the institution decided to sell it and acquire new ingots that meet current international standards in the European market.”

Now, all gold reserves are located in Paris. The country currently holds some 2,437 tons of the precious metal, “considered the fourth largest in the world.” Of this total, “134 tons correspond to old ingots and coins that the Bank of France plans to modernize to meet current standards by 2028.”

The United States leads the ranking of gold reserves, with approximately 8,133 tons. Germany is in second place, with around 3,360 tons of gold, and Italy is in third place, with reserves of 2,452 tons.

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Source: actualidad.rt

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La entrada France sold gold reserves in the US to buy their equivalent in Europe apareció primero en Bitfinance.

The price crisis in the cryptocurrency market is prompting speculation about a new crypto winter, although some analysts believe this process began in late 2025.

It’s no secret that the price of Bitcoin has fallen in recent months, and this trend has intensified since the beginning of 2026. In this scenario, “while the price of Bitcoin continues its downward spiral and altcoins accumulate double-digit losses, attention is divided between dire warnings and more structural analyses of what is happening.”

The truth is that some market experts, like investor Michael Burry, predict that “a Bitcoin decline could trigger a chain reaction of forced selling that wouldn’t be limited to the crypto ecosystem, but would extend to other assets, including precious metals,” referring to gold and silver, whose prices are currently facing a crisis.

Regarding Bitcoin, Burry says there is no organic factor that justifies a short-term stabilization; in fact, he anticipates a decline to around $50,000, “a level that would put pressure on mining companies and the financial models built around the asset.”

In the current scenario, any selling by major Bitcoin holding companies could worsen the crypto dynamics. According to Japanese specialist Hiroyuki Kato of CXR Engineering, the “buy on the dip” strategy has shifted to more defensive approaches, including short positions.

Regarding whether there will be another major bull run, analysts say yes, but it will depend on two conditions that are still lacking: “the emergence of a truly disruptive use case in the less regulated segments and a favorable macroeconomic context.” Meanwhile, the crypto sector is navigating uncharted territory, “which doesn’t quite fit the logic of winter or spring, but rather an intermediate phase that is redefining the rules of the game.”

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Source: cripto247

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La entrada Analysts warn of a new crypto winter apareció primero en Bitfinance.

Investment preferences for 2026 are led by gold and technology stocks, according to a survey conducted by Goldman Sachs from November 12-14 among more than 900 fund managers.

The survey, conducted through the Marquee platform, “also identifies a potential slowdown in artificial intelligence as the main threat to markets.”

The sample is representative of nearly “70 % of institutional investors,” who expect “gold prices to rise further by the end of 2026.”

In this regard, and according to the report’s data, 36 % of respondents believe that gold will surpass $5,000 per troy ounce thanks to central bank purchases (38 %) and fiscal concerns (27 %).

Regarding technology assets, 44 % of participants “anticipate that the technology, media, and telecommunications sector will perform best next year, solidifying it as the other major investment.”

The survey highlights that investors remain cautious about a potential slowdown in AI development, as well as a slowdown in global economic growth.

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Source: eltiempomx

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La entrada Technology stocks and gold on top Investors’ 2026 preference list apareció primero en Bitfinance.

The implementation of tariffs imposed by the US President Donald Trump on various countries sparked fear, specifically regarding gold. However, he said this Monday that the precious metal will be tariff-free.

As you may recall, “last week, authorities in his administration imposed tariffs on imports of one-kilogram gold bars.” However, Trump posted on his Truth Social media account on Monday, August 11, that gold will not be subject to tariffs.

The president’s aggressive trade policy has triggered diverse reactions globally. Regarding gold, the United States is one of the largest importers in the world, as it is a key commodity “as a store of value, a tool for economic stability, a strategic asset, and a cultural symbol.”

Analysts have pointed out that the imposition of a tariff on gold would increase import costs, disrupt supply chains, and increase costs for industries dependent on the precious metal, such as jewelry and electronics.

M.Pino

Source: elpais.cr                            

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La entrada Gold will not face tariffs apareció primero en Bitfinance.

One of the world’s largest gold and copper deposits could be located between Argentina and Chile, according to reports from Lunding Mining (Canada) and BHP (Australia), which together make up the Vicuña mining company.

Both companies, which are involved in the Filo del Sol and Josemaría projects, indicated in a statement this Monday that one of the world’s largest copper, gold, and silver deposits has been identified on the border between the two countries. Vicuña noted that “the new resource evaluation at Filo del Sol and Joemaría consolidates the project’s position as one of the largest copper-gold-silver deposits in the world.”

Both projects are located in the Argentine province of San Juan (west), “although part of Filo del Sol also extends into the Chilean Atacama region.”

It is important to note that Vicuña is among the top ten districts in copper mineral resources worldwide, “with 12.8 million tons of measured copper and 25.1 million tons of inferred copper. It also contains 32.2 million ounces of measured gold and 48.7 million ounces of inferred gold, and 659 million ounces of measured silver and 808 million ounces of inferred gold.”

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Source: swissinfo

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La entrada One of the world’s largest copper and gold deposits discovered between Argentina and Chile apareció primero en Bitfinance.

Venezuelan President Nicolás Maduro announced the delivery of a ton of gold bars to the Central Bank to strengthen reserves.

Maduro stated: “Venezuela is already producing, following the most rigorous international standards, gold bars for its national and international reserves, with the goal of boosting its development using its own gold.”

 

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During this announcement, the president invited investors and artisans who use gold in their works to “promote gold mining under rigorous ecological standards.”

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Source: laverdaddemonagas

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La entrada Venezuela’s Central Bank received a ton of gold bars to increase reserves apareció primero en Bitfinance.

The price of gold could continue to rise in 2025, according to estimates by Heraeus Precious Metals, due to a scenario marked by a weak dollar, new interest rate cuts globally and the intensification of geopolitical conflicts.

According to the analyst firm, gold prices would be “between $2,450 and $2,950 per ounce in 2025, influenced by the continuation of purchases by the main central banks, although in smaller quantities than in 2024, and geopolitical risks in Ukraine and the Middle East.”

The precious metal is known to be used as a safe store of value in times of political and financial uncertainty. Therefore, its value tends to increase “in the face of expectations of lower interest rates, which reduce the opportunity cost of holding this non-yielding asset.”

In 2025, the Chinese government may implement economic stimulus measures, so that together with India it could boost demand for gold. In fact, the Chinese central bank resumed buying gold for its reserves in November after a six-month break.

On the other hand, the uncertainty regarding trade and taxes generated by the return of Donald Trump to the presidency of the United States is a key factor in the increase in the price of gold, according to Steffen Metzger and Stefan Staubach, from the precious metals division of Heraeus.

Gold has risen more than 29 % this year and is on track for its best annual performance since 2010, driven by central bank interest rate cuts and rising geopolitical tensions.

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Source: marketscteener

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La entrada Gold price could continue to rise in 2025 apareció primero en Bitfinance.