{"id":22298,"date":"2026-01-12T09:07:38","date_gmt":"2026-01-12T07:07:38","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-gains-as-gold-scales-new-peak\/"},"modified":"2026-02-27T16:33:19","modified_gmt":"2026-02-27T14:33:19","slug":"rand-gains-as-gold-scales-new-peak","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-gains-as-gold-scales-new-peak\/","title":{"rendered":"Rand gains as gold scales new peak"},"content":{"rendered":"<div>The South African (SA) Rand gained in early trade on Monday, helped by gold prices reaching another record high.<\/div>\n<div><\/div>\n<div>Rand traded at 16.4225 against the Dollar, roughly up 0.4% from its previous closing level.<\/div>\n<div><\/div>\n<div>Soaring prices of precious metals, a major SA export, have helped to propel the Rand to its strongest in more than three years.<\/div>\n<div><\/div>\n<div>The currency ended 2025 nearly 13% stronger against the United State (US) Dollar and is poised to clock another year of gains.<\/div>\n<div><\/div>\n<div>Gold broke through $4 600 per ounce for the first time on Monday, while silver also hit a record high, as investors snapped up safe-haven assets due to heightened geopolitical uncertainties and a criminal probe into Federal Reserve Chairperson Jerome Powell.<\/div>\n<div><\/div>\n<div>Andre Cilliers, Currency Strategist at TreasuryONE said that the turmoil in Iran and weak US labour data also fuelled safe-haven demand.<\/div>\n<div>On the Johannesburg Stock Exchange, the Top-40 index was up 1.2% in early trade.<\/div>\n<div><\/div>\n<div>SA&#8217;s benchmark 2035 government bond also gained, with the yield falling five basis points to 8.285%.<\/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-22298","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"SA Rand gained in early trade on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22298","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\/22298\/revisions"}],"predecessor-version":[{"id":25643,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22298\/revisions\/25643"}],"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=22298"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=22298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}