After recent weakness, gold enjoyed a bullish stint on Monday, witnessing its biggest one day rise to over $1,200 an ounce since January. This upsurge was triggered by the news that Venezuela has inked a deal with Citigroup Inc. C to pawn its gold in a bid to mitigate soaring inflation, shrinking economy and depressed oil prices . The move to liquidate gold would provide much needed cash to the Nicolas Maduro government to meet its internal and external commitments.