The JSE closed weaker on Tuesday as miners fell on a rampant dollar, while a strong opening by Naspers faded towards the close.Retail stocks came under pressure, with Massmart and Steinhoff losing ground.The dollar steamed ahead to new heights against the euro, reaching $1.1838 in intra-day trade; in the middle of March it was at $1.25. Spot gold slipped 0.45% to $1,308 an ounce and platinum was unchanged at $910.Mining stocks were on the back foot, despite a weaker rand, ahead of US President Donald Trump’s expected announcement that the US will withdraw from the Iran nuclear deal.Platinum stocks were hard hit, with lower production reported at Impala Platinum. The gold price retreated on the strong dollar with the rand losing 10c against the greenback.Brent crude was off Monday’s firmer levels, when it hit $76 a barrel. Trade was cautious against a backdrop of heightened tensions in the Gulf and supply constraints, BlackRock analysts said. They warned geopolitical tension in the M...
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