Wednesday’s JSE gold miners rally — led by Gold Fields gaining 5.57% to R45.50, Sibanye 5.2% to R27.50 and AngloGold Ashanti 4.07% to R147.70 — may continue on Thursday thanks to a slightly higher metal price and a weaker rand. Gold was trading at $1,219/oz and the rand at R13.52/$ at 7am on Thursday morning. The Bank of England’s (BoE’s) monetary policy committee will announce its interest rate decision at 1pm local time on Thursday. The UK’s central bank is expected to hold its rate at 0.25%. The New Zealand Stock Exchange’s S&P/NZX 50 index rose 1% after the country’s central bank held its cash rate at 1.75% as expected. Barclays said in a research note on Thursday morning that Reserve Bank of New Zealand governor Graeme Wheeler "poured cold water on any hawkish signals during the post-meeting press conference, highlighting that there is no evidence of any wage price pressures, saying that the economy was unlikely to see ‘a burst of inflation’, which would allow policy to remain ...
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