The U.S. capture of Venezuelan President Maduro prompted limited market reaction Monday, with crude oil prices barely budging despite Venezuela's 300 billion barrels in reserves. Analysts note Venezuelan oil faces significant extraction and refining challenges, limiting immediate market impact.
Gold rose 0.7% and silver jumped 2.27% as markets digest potential geopolitical implications. The operation reinforces what analysts call a revival of the "Monroe Doctrine," with the U.S. asserting influence in the Western Hemisphere against Russian, Chinese and Iranian interests.
Markets remain focused on upcoming economic data, particularly Friday's nonfarm payrolls report, which could influence Federal Reserve rate cut expectations. The Treasury yield curve has steepened to 72 basis points (2-10 spread), reaching levels not seen since January 2022.