{"id":23234,"date":"2026-02-03T09:02:09","date_gmt":"2026-02-03T07:02:09","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-buoyed-by-bounce-back-in-commodity-prices\/"},"modified":"2026-02-27T16:34:04","modified_gmt":"2026-02-27T14:34:04","slug":"rand-buoyed-by-bounce-back-in-commodity-prices","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-buoyed-by-bounce-back-in-commodity-prices\/","title":{"rendered":"Rand buoyed by bounce back in commodity prices"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand rallied in early trade on Tuesday, helped by the bounce back in commodity prices, which has led it back below 16.00 Rand, Dollar.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Rand traded at 15.92 against the Dollar, about 1% stronger than its previous close.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;It was a volatile day yesterday with the Rand touching above 16.20 and trading below 16.00. Overnight, we have also seen a bounce back in commodity prices, which has helped the Rand back below 16.00,&#8221; said Adam Phillips, Treasury Specialist at Umkhulu Treasury.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Gold and silver rose on Tuesday, rebounding from their steepest two-day drop in decades after Kevin Warsh was nominated as the next United States Federal Reserve chair, putting the brakes on the metals&#8217; record rally.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Despite the historic pullback in gold and silver prices, analysts see the metals&#8217; bull run continuing and expect it to notch up more record highs later this year.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;Precious metals are all trading firmer this morning, pulling commodity currencies like the rand and Aussie dollar stronger, and seeing the Dollar give back some of the last 2 days&#8217; gains,&#8221; said Andre Cilliers, Currency Strategist at TreasuryONE in a research note.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Dollar was down 0.2% against a basket of currencies.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">On the Johannesburg Stock Exchange, the Top-40 index was last up 1.03% in early trade.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s benchmark 2035 government bond was firm in early deals, as the yield fell 7 basis points to 7.995%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":13933,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-23234","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"SA Rand rallied in early trade on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23234","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\/23234\/revisions"}],"predecessor-version":[{"id":26266,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23234\/revisions\/26266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13933"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=23234"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=23234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}