Miners led gains on the JSE on Monday, with the gold index recording its biggest jump in six weeks as spot prices of the metal surpassed 2011’s high.
The gains in gold stocks came as the spot price of gold reached a near nine-year high at $1,945/oz, before pulling back a little in the early evening, as US-China relations deteriorate and the dollar continues to weaken.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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Global stocks subdued, while gold soars to record highEuropean markets nurse the sting of their first weekly drop in four as the euro enjoys its fastest gains since early 2016
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Invicta Holdings writedowns exceed market capitalisationGroup wrote down R1.1bn in assets in its year to end-March, including R639m related to goodwill
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