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Strong rand dulls gold's lustre on JSE

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Johannesburg - Resources shares remained under the whip on Thursday as the rand continued to strengthen, and investors in gold shares in particular are beginning to suffer serious losses.

Some of the top gold shares have already lost almost 15% of their value this week, as the rand gained almost 1.5% over the same period.

By mid-morning the Resources index was already 1.57% lower, while the Gold index had lost 3.6%. At that stage the rand stood at R13.20 to the dollar - 0.51% firmer than the previous day’s close.

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ZAR/USD
17.47
(-0.12)
ZAR/GBP
22.84
(-0.31)
ZAR/EUR
20.65
(-0.32)
ZAR/AUD
12.51
(-0.05)
ZAR/JPY
0.16
(-0.20)
Gold
1928.49
(+0.36)
Silver
25.81
(+0.72)
Platinum
932.00
(+0.27)
Brent Crude
45.32
(+2.09)
Palladium
2143.19
(+0.52)
All Share
57038.55
(-0.66)
Top 40
52731.41
(-0.74)
Financial 15
10066.93
(-0.72)
Industrial 25
75660.18
(-0.72)
Resource 10
58558.18
(-0.74)
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