The JSE crept higher on Thursday as the volatile gold miners and platinums pushed higher, catching up with overnight moves in underlying commodity prices. Gold and platinum prices rose late on Wednesday on a weaker dollar after the US Federal Reserve released minutes of its July meeting, which showed that officials were increasingly concerned about the US’s low inflation profile. The assessment suggested the Fed could potentially delay raising interest rates, a scenario that favours gold, in particular, as an asset class. The Fed’s minutes conceded with the continuing squabbles in the Trump administration, which further undermined the dollar, but played out favourably for commodities in general. "The political turmoil surrounding the Trump administration, coupled with concerns for a potential global trade spat — particularly with China — continues to inhibit market tonality to the upside," Momentum SP Reid Securities said. The all share was up 0.14% to 5,5611.10 points at lunch time...
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