MARKET WRAP: Gold stocks surge as metal reaches record high
Gold hits a record high as the dollar continues to struggle amid US-China tension and a surge in Covid-19 infections
27 July 2020 - 19:02
Miners led gains on the JSE on Monday, with the gold index recording its biggest jump in six weeks as spot prices of the metal surpassed 2011’s high.
The gains in gold stocks came as the spot price of gold reached a near nine-year high at $1,945/oz, before pulling back a little in the early evening, as US-China relations deteriorate and the dollar continues to weaken...
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.