# Doug Burgum

US Receives $100m of Venezuelan Gold as Caracas Reopens — Washington Frames Move as a Wedge Against China

The US has taken delivery of about $100 million in Venezuelan gold as diplomatic ties with Caracas are restored and sanctions on gold transactions are conditionally relaxed. Washington is framing access to Venezuelan minerals as part of a broader strategy to bolster domestic supply chains and compete with China in high-tech and defence sectors.