Gold prices declined on Wednesday, January 7, 2026, influenced by a stronger U.S. dollar and a reassessment of the U.S.-Venezuela situation. Following a surge driven by the capture of Venezuela's President, spot gold dropped 0.8% to $4,461.51 per ounce. This dip occurred as the U.S. unveiled plans to refine and sell Venezuelan oil previously under blockade. Investors are also monitoring U.S. interest rate expectations, with markets anticipating potential cuts this year.