Gold is coming up trumps
As Trump talks tariffs and trade wars, the metal's status as a safe haven is assured
20 February 2025 - 05:00
South African gold producer margins are at record levels, which is normally the cue for a commensurate margin-damaging increase in unit costs. But perhaps not this time, argues RMB Morgan Stanley.
The bank picks out three reasons why cost pressures arising from gold’s gravity-defying ascent won’t immediately catch up with the JSE’s three largest gold producers: AngloGold Ashanti, Gold Fields and Harmony Gold — at least, not this year...
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