The JSE opened firmer in mixed trade on Monday.Resources and banks gained while gold shares retreated after the gold price pulled back from the $1,300 level.The market’s focus was on Sasol’s annual results, which were met favourably as Sasol’s share price climbed more than 1%.Gold retreated after US President Donald Trumps fired chief strategist Steve Bannon on Friday. Concern that economic adviser Gary Cohn would be in the line of fire as part of a power struggle with Bannon drove the gold price to an annual high on Friday.Gold was up 0.30% at $1,287.82 an ounce in early morning trade on Monday.Asian markets were mixed with the Nikkei 225 losing 0.40% and the Hang Seng gaining 0.48%.The Dow Jones industrial average closed 0.35% lower at 21,674.51 on Friday as growing concern about Trump’s economic agenda affected markets negatively. "The loss of political capital for the president has diminished the likelihood of early progress for meaningful tax and fiscal reform in the US," Momen...
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