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 destined for US markets, Axios reported.

According to two persons cited by Axios, the deal that was signed on Monday will sell as much as 1,000 kg of gold dore bars to commodities trader Trafigura for US markets.

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 US and Venezuela and the tightening commercial bounds between the two c...