Gold is trading with gains exceeding 2% in the middle of the European session on Monday, January 5th, the opening session of the first week of the year. This comes amidst rising geopolitical tensions and increased demand for safe-haven assets, as investors await the US jobs report at the end of the week. Gold is trading at $4,428 per ounce, up 2.27%, while silver is trading at $75.82 per ounce, up 4.40%.

Geopolitical tensions and risks have escalated following the US arrest of Venezuelan President Nicolás Maduro over the weekend. President Trump has declared that the US intends to govern Venezuela, increasing market uncertainty and driving up demand for safe-haven assets, with gold leading the way.

Markets are awaiting the release of the US jobs report for December this week, which will influence market expectations regarding future US interest rates. Forecasts indicate that 57,000 jobs were added in December, with the unemployment rate expected to fall to 4.5%, accompanied by an increase in average wages.

Platinum is trading at $2,228, up 4.01%, while palladium is up approximately 2.13%, trading at $1,674.