MARKET WRAP: Rand firms on positive Covid-19 vaccine news

The rand was firmer on Tuesday as positive news about various Covid-19 vaccines lifted appetite for riskier assets, while investors remain optimistic over a US stimulus package.

The rand’s gain was its first in four days, while the gold price moved off its recent high, falling the most since mid-March.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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