JSE opens well but trade war truce hits gold miners
Spot gold had fallen below $1,400/oz on Monday morning after reaching its highest level in six years last week
01 July 2019 - 10:50
The JSE started off the new month firmer, after a trade truce between the US and China lifted sentiment. However, risk-on trade had gold miners set for their worst day since March 29.
The two economic superpowers agreed to resume trade negotiations following a meeting at the G20 summit in Osaka, Japan on Saturday. As part of the agreement, US President Donald Trump and Chinese President Xi Jinping agreed to pause the imposition of more tariffs and to ease the ban on Chinese telecoms company Huawei, after it was blacklisted in the US market in May...
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