Gold miners slumped on Tuesday as global risk appetite improved on news that the US will lift some tariffs on Chinese goods, easing concerns that global growth will continue to be affected by the dispute.
Local gold miners slumped 8.98%, but are still up 12.4% so far in August and almost 68% in 2019. Tuesday was the worst day for local gold miners since August 25 2015. Both the sector and the price of the metal Shortly after the JSE closed, gold was down 0.45% to $1,504.21/oz and platinum 0.41% to $854.42, while Brent crude had jumped 3.52%to $60.54 a barrel.
Flights to Hong Kong have been cancelled due to ongoing pro-democracy protests, ignited by a contentious extradition treaty to China, while Italy looks set for fresh elections amid a seemingly imminent collapse of that country’s coalition government.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE closes lower as global risk factors persistThe rand reached R15.46/$ in intra-day trade, its weakest level so far in 2019
Source: BDliveSA - 🏆 12. / 63 Read more »
Hong Kong stock market still falling on protracted protestsThe Hang Seng has fallen more than 8% since June 12, with the Hong Kong leader warning of an economic 'tsunami' overwhelming city state
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE closes lower as global risk factors persistThe rand reached R15.46/$ in intra-day trade, its weakest level so far in 2019
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »