New Delhi, March 5 -- The state-owned mining company of Venezuela has inked a multi-million-dollar deal with the Trump administration to sell 1,000 kilograms of gold to US markets, Axios reported.

According to two people cited by Axios, the deal signed on Monday will sell up to 1,000 kg of gold dore bars to commodities trader Trafigura for the US market.

The deal comes weeks after US President Donald Trump ousted Venezuelan President Nicolas Maduro by capturing him in an alleged drug case, thereby destabilising the government in that country and taking de facto control of its oil reserves.

The latest deal indicates a strengthening bond between the US and Venezuela and a tightening of commercial ties between the two countries following ...