Dollar Rallies and Precious Metals Surge on Geopolitical Risks

Written on 01/05/2026
Rich Asplund

The dollar index (DXY00 ) rose to a 3-week high today and is up by +0.15%. Escalation of geopolitical risks in Venezuela boosted safe-haven demand for the dollar after the US captured Venezuelan president Maduro, and US President Trump said the US plans to temporarily "run" Venezuela. Hawkish comments today...Pile of money with hands by Sergey Nazarov via iStock