MARKET WRAP: Rand and bonds gain as commodities stage a mini-rally

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Gold jumps almost 2% ahead of publication of Fed minutes as concern mounts over persistent inflation

The rand and local bonds firmed on Wednesday as commodity prices paused their recent descent, with gold up nearly 2% as markets await the minutes of the latest US Federal Reserve meeting.

Gold gained the most since early March on Wednesday and at 6.50pm was up 1.89% to $1,792.83 an ounce while platinum was up 1.18% to $1,021...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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