Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Yen about to mark biggest weekly loss in 2025 amid trade chaos

July 11, 2025

HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg

July 11, 2025

HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg

July 11, 2025
Facebook X (Twitter) Instagram
Friday, July 11
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Gold’s relentless rally powers South African shares to record
Middle East & Africa

Gold’s relentless rally powers South African shares to record

adminBy adminApril 16, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 47


The FTSE/JSE Africa All Share index is up more than 7% in dollar terms this year, compared with declines of 1.4% for the MSCI Emerging Market stock index and 8.3% for the S&P 500.(Supplied/JSE)


The FTSE/JSE Africa All Share index is up more than 7% in dollar terms this year, compared with declines of 1.4% for the MSCI Emerging Market stock index and 8.3% for the S&P 500.(Supplied/JSE)

South Africa’s benchmark stock index headed for a record close as the surging gold price boosted shares of the country’s precious-metals miners.

The FTSE/JSE Africa All Share Index rose as much as 1.1% on Wednesday, on track for a fifth consecutive day of gains. It has wiped out a near -10% slide that followed US President Donald Trump’s announcement of so-called reciprocal tariffs.

The South African gauge is up more than 7% in dollar terms this year, compared with declines of 1.4% for the MSCI Emerging Market stock index and 8.3% for the S&P 500.

Bullion hit a fresh high on Wednesday on haven demand as the dollar fell and tech stocks slumped after Trump’s administration imposed new restrictions on Nvidia Corp.’s chip exports to China amid deepening trade tensions.

As a result, there’s been a “flight to safety, gold,” said All Weather Capital portfolio manager Chris Reddy.

Gold miners were the biggest gainers in Johannesburg on Wednesday, with a subindex of nine precious-metal producers climbing as much as 7.2% to an all-time high. Harmony Gold Mining and AngloGold Ashanti climbed over 7% each. Gold Fields was up as much as 9.4%.

The dollar’s decline to a six-month low against major peers has also boosted spot prices for commodities including gold and platinum-group metals, Reddy said. Platinum miners were among the top performers in Johannesburg, with Impala Platinum rising more than 5% and Sibanye Stillwater jumping 8%.

South African precious-metal producers may extend gains in the coming months as higher gold prices boost returns, according to Scotia Capital.

“We expect return on invested capital to increase to about 15% at gold spot prices of $3,220 per ounce for 2025, which could increase with higher prices of the precious metal this year,” analysts including Tanya Jakusconek wrote in a note.

Newsletter

Daily

SA Money Daily

The biggest business, economic and market news of the day.

Sign up



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Middle East & Africa

Rescue bid launched for hundreds trapped in South African gold mine | Mining News

May 23, 2025
Middle East & Africa

DRC’s conflict demands a new peace model rooted in inclusion and reform | Conflict

May 23, 2025
Middle East & Africa

DR Congo strips ex-President Kabila of immunity | Armed Groups News

May 23, 2025
Middle East & Africa

Will the United States deport people to Rwanda? | Refugees News

May 23, 2025
Middle East & Africa

‘Tortured’ Ugandan activist dumped at border following arrest in Tanzania | Politics News

May 23, 2025
Middle East & Africa

Trump’s Ramaphosa ‘ambush’: Key takeaways from heated White House meeting | Donald Trump News

May 22, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Forex reserves cross $20bn mark after three years – Business & Finance

July 10, 2025

Household appliances sector: Tribunal upholds CCP’s order against price fixing – Business & Finance

July 10, 2025

APTMA, PCCC, MNFSR agree to resolve cotton cess collection issue – Business & Finance

July 10, 2025

Global e-commerce sites: PM says 300,000 Pakistan-made products selling like hot cakes – Business & Finance

July 10, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Yen about to mark biggest weekly loss in 2025 amid trade chaos
  • HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg
  • HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg
  • Trump is sowing confusion in the markets
  • China blows up 300 dams, shuts hydropower stations to save Yangtze River habitat

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Yen about to mark biggest weekly loss in 2025 amid trade chaos

July 11, 2025

HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg

July 11, 2025

HKMA intervenes in the market for the fifth time in 2 weeks to defend currency peg

July 11, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.