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Bloomberg
South Africa’s main stock index gains 0.3% in Johannesburg, as a weaker dollar boosts prices of precious metals, with record bullion prices lifting gold producers to a fresh all time record, and higher platinum prices
bolstering local producers.
Risk sentiment has been strengthened by optimism over the upcoming US Federal Reserve meeting, which has drowned fears over simmering Sino-American tensions, as well as concerns of second waves of the coronavirus pandemic,
with outbreaks from China to Spain serving as reminders of the difficulty in permanently stamping out the coronavirus.
Gauge for mining firms jumps 1.9% to provide biggest boost to the index, as gold producers join platinum companies to drive index higher.
AngloGold Ashanti Ltd. +4.1% to an all-time high after company says it sees first-half headline earnings rising on the back of higher gold price, weaker local currencies, higher foreign exchange gains.
Anglo American Platinum Ltd. rises 2.7% to a record as it publishes first-half earnings.