{"id":22350,"date":"2026-01-13T10:54:37","date_gmt":"2026-01-13T08:54:37","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-eases-on-profit-taking-after-gold-led-gains\/"},"modified":"2026-02-27T16:33:21","modified_gmt":"2026-02-27T14:33:21","slug":"rand-eases-on-profit-taking-after-gold-led-gains","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-eases-on-profit-taking-after-gold-led-gains\/","title":{"rendered":"Rand eases on profit taking after gold-led gains"},"content":{"rendered":"<div>The South African (SA) Rand softened in early trade on Tuesday as investors took profits after the currency benefited in the previous session from a surge in gold prices.<\/div>\n<div><\/div>\n<div>The Rand traded at 16.4250 against the Dollar , about 0.2% weaker than its previous close.<\/div>\n<div><\/div>\n<div>It gained around 0.5% on Monday, boosted by gold which climbed more than 2% to an all-time high as investors sought the safe haven asset after President Donald Trump&#8217;s administration opened a criminal investigation into Federal Reserve Chairperson Jerome Powell.<\/div>\n<div><\/div>\n<div>Bullion also edged lower on Tuesday as some traders booked short-term profit.<\/div>\n<div><\/div>\n<div>Like other risk-sensitive currencies, the\u00a0rand\u00a0is expected to take cues from global drivers like the unrest in Iran in addition to concerns over the Fed&#8217;s independence.<\/div>\n<div><\/div>\n<div>On the domestic front, traders are also tracking developments around a potential extension of the United States (US) trade preference programme, the African Growth and Opportunity Act.<\/div>\n<div><\/div>\n<div>The US House of Representatives approved a three year extension, but uncertainty remains over whether SA will be excluded, given strained diplomatic relations between Washington and Pretoria.<\/div>\n<div><\/div>\n<div>The bill will next go to the US Senate.<\/div>\n<div><\/div>\n<div>On the Johannesburg Stock Exchange, the Top-40 index was last up 0.2%.<\/div>\n<div><\/div>\n<div>SA&#8217;s benchmark 2035 government bond was flat in early deals, with the yield at 8.305%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":13745,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-22350","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"SA Rand softened in early trade on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22350","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\/22350\/revisions"}],"predecessor-version":[{"id":25676,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22350\/revisions\/25676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13745"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=22350"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=22350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}