Rand gains as record gold price provides a boost
The benchmark R2030 government bond was weaker, with the yield up 5.5 basis points to 9.165%
14 March 2025 - 18:40
The rand gained on Friday due to a record high gold price driven by investors seeking safe haven assets amid worries over a global trade war.
At 6.30pm the local currency had gained about 1% to R18.15/$. It fell earlier in the week on domestic political tension sparked by a revised budget, which saw the VAT rate increased by half a percentage point to 15.5%...
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