{"id":21495,"date":"2025-12-22T08:32:18","date_gmt":"2025-12-22T06:32:18","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-gains-as-precious-metals-prices-jump\/"},"modified":"2026-02-27T16:32:32","modified_gmt":"2026-02-27T14:32:32","slug":"rand-gains-as-precious-metals-prices-jump","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-gains-as-precious-metals-prices-jump\/","title":{"rendered":"Rand gains as precious metals prices jump"},"content":{"rendered":"<div>The South African (SA) Rand gained against the United States (US) Dollar on Monday as prices of precious metals, a key export, rose on global markets.<\/div>\n<div><\/div>\n<div>The Rand was up about 0.4% from Fridays close at 16.71 to the Dollar.<\/div>\n<div><\/div>\n<div>Johannesburg-listed stocks also firmed, with the main bourse&#8217;s Top-40 Index, last up 1.3%.<\/div>\n<div><\/div>\n<div>Gold hit a record high on Monday, riding on growing expectations of further US interest rate cuts and strong safe-haven demand.<\/div>\n<div><\/div>\n<div>Platinum, meanwhile, touched its highest in more than 17 years.<\/div>\n<div><\/div>\n<div>&#8220;We could see a test of the Rand to the Dollar, level again on the back of a surge in precious metals prices and strong exporter inflows,&#8221; Wichard Cilliers, Head of Market Risk at TreasuryONE, said in a research note.<\/div>\n<div><\/div>\n<div>The Rand has had a strong year, rising more than 12% against the Dollar thanks to SA&#8217;s improved fiscal performance, success containing inflation and soaring precious metals prices.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-21495","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Rand gained against the US Dollar","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21495\/revisions"}],"predecessor-version":[{"id":25141,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21495\/revisions\/25141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14374"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=21495"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=21495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}