Mumbai, Jan. 9 -- Gold and defence contractors have emerged as key beneficiaries of the Venezuelan crisis, as the US military intervention fuels a broader rise in geopolitical tensions and investor demand for safe-haven and security-related assets, according to a report by DBS Bank.

"Beneficiaries from the new era of US intervention and heightened geopolitical tensions include safe haven gold and defence contractors," the DBS report read.

The United States launched military strikes on Venezuela on January 3, 2026, capturing President Nicolas Maduro in Caracas and bringing him to the US to face federal charges, including narco-terrorism conspiracy.

Following the operation, Maduro's former deputy, Delcy Rodriguez, assumed leadership in V...