Resources boost JSE, while gold and platinum miners come under pressure
The JSE was slightly firmer at midday on Thursday, with diversified miners standing out, while gold and platinum miners were lower. The gold price was under slight pressure as the safe-haven asset rally slowed as geopolitical tension created by North Korea eased. Rand Merchant Bank analyst John Cairns said "it’s risk-on", given the fading of the North Korean concerns and strong global data, notably from the US. The ADP Research Institute reported that private-sector employment for August increased by 237,000 jobs, exceeding the expected 183,000. The market now awaits the release of US nonfarm payroll data on Friday.
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