SA turns unlikely haven as gold gain boosts stocks
Trade disputes raise miners’ expectations
06 June 2019 - 18:28
US President Donald Trump’s trade offensives against China, Europe and Mexico may be driving the global markets into a frenzy, but the uncertainty is just the fix SA’s gold-miner stocks needed.
A Johannesburg index tracking producers of the precious metal posted the longest rally since the 2008 financial crisis after investors’ expectations for a quick deal between the US and China evaporated. That has vindicated analysts, who have raised earnings forecasts for SA gold miners by 35% in 2019, seven times as fast as estimates for the broader market...
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