Partly cloudy. Mild.
Gold, prized by investors in times of crisis as a safe haven, is experiencing surging demand. But the industry is being affected by lockdowns at key facilities.
Precious metals took another beating on concerns that a wave of emergency stimulus measures by central banks won’t be enough to improve a rapidly deteriorating economic outlook.
President Donald Trump said Thursday he welcomes the steep fall in crude oil prices caused by a tussle between Saudi Arabia and Russia, saying they are "like a tax cut" for American consumers.
OPEC and its allies failed to reach a deal on oil production cuts Friday, after Moscow refused to tighten supply to counter the effects of the coronavirus outbreak, sending oil prices tumbling.
A weaker growth pace for the Chinese economy due to the coronavirus outbreak will have knock-on effects on sectors in SA's economy.
Palladium’s great start to the year pales in comparison to its lesser known, but much more expensive sister metal, rhodium.
Using the principle of supply and demand, investment expert Simon Brown explains why investors need to be cautious with commodity stocks. Unlike the price of products and services, which will go up over time, commodity prices may go up – but will likely eventually come back down again.
The JSE advanced to close firmer on Friday capping off a week of decent gains for the local bourse.
Iran is safely storing its crude and freeing up its tankers, while China can tap the stockpile if supply is disrupted or sanctions end.
Gold has slumped back below $1 400 an ounce after the US and China agreed to a truce in their trade war, dealing a blow to havens that were bolstered in recent months by the long-running tensions.
Oil rose further Friday after a dramatic rebound from multi-year lows but stayed below $30 a barrel on fears the deadly coronavirus will push the world into recession with an oversupply.
Markets swing on the upside following Thursday's bloodbath.
Saudi Arabia announced it will raise its crude supply to a record high in April, as it ratcheted up a standoff with Moscow.
Now that coronavirus has reached South African shores, the JSE has shed over 2% in mid-morning trade, with the rand similarly taking a beating as global markets are in risk-off mode.
The JSE plummeted along with global stocks as heightened fears over the spread of the coronavirus outside of China escalated.
Gold climbed to a three-month high to clinch its best annual performance since 2010, as a weaker dollar helped cap a year marked by global economic jitters and trade frictions.
DRDGold has been leading the local gold shares higher in recent weeks and months. The gold sector is currently giving a short-term pullback, and this is setting up another buying opportunity in gold shares, such as DRDGold.
Gold futures rallied above $1 500 an ounce on sustained demand for the traditional haven as the US-China trade war festers, global growth slows and central banks around the world ease monetary policy.
Oil is set for the biggest weekly decline since May as global demand concerns outweighed an OPEC+ pact to extend supply curbs into 2020 and worries that a renewed confrontation with Iran may threaten supplies.
Oil prices rose again in reaction to geopolitical tension, building on a surge sparked by suspected attacks on two tankers in the Gulf of Oman.
Cape TownTumaini ConsultingR540 000.00 - R800 000.00 Per Year
Cape TownProfessional Career ServicesR10 000.00 - R12 000.00 Per Month
Cape TownMass Staffing ProjectsR400 000.00 - R600 000.00 Per Year
Apartments / Flats
R 1 750 000
R 4 500 000
Apartments / Flats
R 9 950 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.