The JSE closed weaker on Thursday, with platinum and gold miners leading the declines, as shares were sold off across the board in profit-taking. The all share index closed 0.16% softer at 51,420.70 points, with the top 40 down by a similar margin. All the main indices closed in negative territory: the platinum index shed 2.47%, with the platinum price having fallen 1.32% to $930.86 an ounce by the JSE’s close. The gold index gave back 0.65% as the price of gold had dipped 0.18% to $1,266.84/oz as the dollar firmed. The dollar gained as expectation of an interest-rate hike in the US in December increased, after New York Federal Reserve president William Dudley said on Wednesday he expected the bank would be able to raise rates by the end of the year. Fed-funds futures, used to bet on central-bank policy, showed on Thursday that investors assigned a 73.6% likelihood of a rate increase in December, up from 69.5% the previous day, Dow Jones Newswires reported. The Dow Jones was 0.33% s...
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