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Gold shares score on JSE as Brexit prompts safe haven flight

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The new JSE logo. (Supplied)
The new JSE logo. (Supplied)

Johannesburg - Gold shares were the big winners on the JSE on Friday as investors poured into safe havens to escape the worst global market turmoil in years after Britain voted to leave the European Union.

In early trade the Gold index was already more than 16% up on the previous day as all major gold share prices soared, with AngloGold Ashanti [JSE:ANG] and Gold Fields [JSE:GFI] reaching new 52-week highs.

Gold stocks reacted to a surge in the gold price as investors fled to safe havens such as gold, German bonds and the yen to escape market turmoil following the shock result of the British referendum. The gold price gained more than 4% to $1 316.90.

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ZAR/USD
16.87
(+0.15)
ZAR/GBP
21.54
(+0.23)
ZAR/EUR
19.66
(+0.41)
ZAR/AUD
11.93
(+0.02)
ZAR/JPY
0.16
(+0.25)
Gold
1870.67
(+0.20)
Silver
23.16
(-0.10)
Platinum
854.00
(+0.94)
Brent Crude
42.26
(+0.47)
Palladium
2213.01
(+0.25)
All Share
53171.03
(-1.98)
Top 40
49117.16
(-2.01)
Financial 15
9420.93
(-1.74)
Industrial 25
72006.97
(-2.99)
Resource 10
53029.51
(-0.90)
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