Gold glitters in the shadow of coronavirus - but SA lockdown could hit production

2020-03-26 13:58

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.

Gold slumps and platinum falls by most ever amid hunt for cash

2020-03-16 15:28

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.

Trump welcomes falling oil prices, says they're 'like a tax cut'

2020-03-12 21:57

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, allies fail to reach deal on oil production cuts

2020-03-07 12:00

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.

Coronavirus will likely knock SA mining, tourism and telecoms - report

2020-02-29 07:00

A weaker growth pace for the Chinese economy due to the coronavirus outbreak will have knock-on effects on sectors in SA's economy.

The world’s most precious metal leaves everything else in the dust

2020-01-13 22:03

Palladium’s great start to the year pales in comparison to its lesser known, but much more expensive sister metal, rhodium.

What goes up…

2019-10-09 18:46

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.

Local bourse rides wave of positive sentiment

2019-09-13 18:55

The JSE advanced to close firmer on Friday capping off a week of decent gains for the local bourse.

Iran is squirrelling millions of barrels of crude oil in Chinese ports to avoid breaching US sanctions

2019-07-22 18:59

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 sinks most in a year as trade truce deals blow to bulls

2019-07-01 13:11

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 extends gains but stays below $30

2020-03-20 21:25

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 wildly after Thursday's bloodbath

2020-03-13 10:57

Markets swing on the upside following Thursday's bloodbath.

WATCH: Saudi Arabia, Russia raise stakes in oil standoff

2020-03-10 20:54

Saudi Arabia announced it will raise its crude supply to a record high in April, as it ratcheted up a standoff with Moscow.

JSE down by over 2% as global markets slide

2020-03-06 13:46

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.

Markets plummet as coronavirus fears escalate

2020-02-24 18:40

The JSE plummeted along with global stocks as heightened fears over the spread of the coronavirus outside of China escalated.

Gold's December rally stays alive to seal best year since 2010

2019-12-31 14:37

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.

TECHNICAL ANALYSIS: DRDGold shares show pullback in an uptrend

2019-09-16 11:16

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 tops $1 500 as investors seek shelter from gathering storm

2019-08-08 12:52

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 set for weekly decline as economic woes eclipse OPEC curbs

2019-07-05 18:46

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 rises again on tension fuelled by tanker attacks

2019-06-16 17:26

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.

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