Rand set for second day of gains
Gold eased from nine-year highs on Thursday, helping emerging-market currencies to recover some ground
09 July 2020 - 12:18
The rand was firmer on Thursday, on track for its second day of gains as a resurgence in Covid-19 cases put pressure on the dollar. Gold has maintained its rally as investors seek refuge in the precious metal.
Global coronavirus cases have now topped 12-million, with some countries that have been relatively successful in containing infections also now affected. Investors are concerned that rising infection cases might lead to lockdown restrictions being implemented again, thus slowing down economic recovery...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.