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

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: Rand firms as US jobs numbers point to tapering delayCurrency most likely received a boost from better-than-expected manufacturing data in August
Source: BDliveSA - 🏆 12. / 63 Read more »

CHRIS GILMOUR: Dig for small-cap gems in a dull marketShares such as City Lodge, which is up 89% so far this year, prove that research pays off
Source: BDliveSA - 🏆 12. / 63 Read more »

Joburg produce market official arrested by Hawks for R5.5m scamA senior financial controller at the Johannesburg fresh produce market has been arrested by the Hawks in connection with a multimillion-rand scam, while her accomplices appear to have fled overseas. do you have a bitcoin wallet? Want to earn $300 Dollar and faster no code ask me how.
Source: TimesLIVE - 🏆 28. / 59 Read more »

WATCH: Market ReportBusiness Day TV talks to Graeme Franck from PSG Wealth Sandton Grayston
Source: BDliveSA - 🏆 12. / 63 Read more »

Joburg Fresh Produce Market official appears over alleged R5.5m fraudLindo Ababio was released on R10 000 bail and will be back in court on December 1. Her alleged accomplices are on the run. ALL Zim nationals
Source: IOL - 🏆 46. / 51 Read more »

WATCH: Market ReportBusiness Day TV talks to Graeme Franck from PSG Wealth Sandton Grayston
Source: BDliveSA - 🏆 12. / 63 Read more »