Venezuela is said to sell $400m in gold amid sanctions

Venezuela sold about $400-million in gold despite a growing international push to freeze the country’s assets, according to two people with knowledge of the matter.

The amount, which would equal almost 9 t, was reflected by a drop in the bank’s total reserves, which fell to $8.6-billion on April 12, according to data provided by the central bank. About $5.1-billion of that is gold.