The JSE opened firmer on Tuesday as banks rebounded for the second session, and platinum and gold shares also chipped in on the upside on firmer commodity prices and a weaker dollar. The gold price was 0.47% up at $1,250.18 an ounce as the dollar remained on the back foot against the euro. "Gold continued to rally due to a subdued dollar making bargain buying more attractive," analysts at Nedbank Corporate and Investment Banking said. "Since Gigaba has been far more protective of the Reserve Bank and its mandate, we should still not expect that actual changes would occur soon but clearly the risks and the pressures are growing," Rand Merchant Bank (RMB) analyst John Cairns said. General retailers rose in tandem with banks. On global markets, the Dow Jones industrial average closed flat on Monday (+0.07%). Asian markets were mixed on Tuesday, with investors reluctant to take up positions ahead of US Federal Reserve chairwoman Janet Yellen’s speech later in the day. The Nikkei 225 ave...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.