Rand a little firmer as gold climbs to six-year high
The expectation that the US Federal Reserve will loosen monetary policy this year is keeping the dollar under pressure, and benefiting the local currency
25 June 2019 - 10:08
The rand was slightly firmer on Tuesday morning, as the dollar remained under pressure to the benefit of emerging-market currencies and the gold price.
The price of gold pushed higher, bolstered by a weaker dollar and the expectation of loose monetary policy, to a fresh 2019 high on Tuesday morning. A higher gold price tends to support the rand, as gold exports are a key foreign-exchange earner for SA...
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