MARKET WRAP: JSE slips in risk-off trade but gold miners shine

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The local bourse extended losses as US markets opened, with concerns over global growth weighing on equities

The JSE fell on Thursday, tracking weaker global markets, as concerns about the state of the world economy weighed on risk assets.

Losses on the all share were offset slightly by gold miners, who benefited from interest in safe-haven assets. Shortly after the JSE closed gold was up 0.34% to $1,2780.96/oz while platinum was almost unchanged at $883.27. Brent crude was 0.64% higher at $74.96 a barrel.

 

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