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Investors run to gold for safety, but asset managers aren't convinced it's a haven

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Since the March market crash, which saw billions wiped off the JSE and the worldwide stock market crash, banks like FNB reported a big jump in deposits, the gold price beat the previous all-time high set in 2011 and the residential property market in SA started to recover much faster as people sought safe havens for their money.

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ZAR/USD
16.97
(+0.13)
ZAR/GBP
21.79
(+0.53)
ZAR/EUR
19.91
(-0.16)
ZAR/AUD
12.08
(-0.03)
ZAR/JPY
0.16
(+0.53)
Gold
1886.00
(+0.22)
Silver
23.83
(+0.41)
Platinum
879.00
(-0.06)
Brent Crude
42.88
(+1.08)
Palladium
2311.50
(+2.61)
All Share
54482.89
(-0.43)
Top 40
50327.44
(-0.50)
Financial 15
10009.18
(+0.78)
Industrial 25
73317.54
(-0.91)
Resource 10
54063.26
(-0.56)
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