{"id":45644,"date":"2026-09-16T14:50:56","date_gmt":"2026-09-16T12:50:56","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=45644"},"modified":"2026-09-16T14:50:56","modified_gmt":"2026-09-16T12:50:56","slug":"rand-steady-as-gold-firms-investors-await-federal-meeting","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-steady-as-gold-firms-investors-await-federal-meeting\/","title":{"rendered":"Rand steady as gold firms, investors await Federal meeting"},"content":{"rendered":"<div>The South African (SA) Rand was steady in early trade on Wednesday after recovering some \u200blosses from the previous two sessions, supported \u200cby gold prices returning above the $4.300 per Ounce level.<\/div>\n<div><\/div>\n<div>The Rand traded at 16.26 against the Dollar , little \u200bchanged from its previous close.<\/div>\n<div><\/div>\n<div>The firmer bullion price \u200bhas improved sentiment towards the Rand, given \u2060the importance of precious-metal exports to the local \u200beconomy.<\/div>\n<div><\/div>\n<div>Oil prices, which had added pressure to the \u200brand, fell on Wednesday after an unexpectedly large increase in United States (US) crude inventories ended a two-day rally.<\/div>\n<div><\/div>\n<div>&#8220;The local currency is \u200bcurrently at 16.23 rand to the Dollar, however, \u200bwe could still see some short-term volatility ahead of the \u200cFOMC \u2060later today,&#8221; said Andre Cilliers, Currency Strategist at TreasuryONE.<\/div>\n<div><\/div>\n<div>Market participants are looking ahead to the US Federal Reserve&#8217;s policy decision, with a rate hike \u200blargely priced \u200bin.<\/div>\n<div><\/div>\n<div>Domestic investors \u2060will focus on July retail sales data. Economists \u200bpolled by <i>Reuters<\/i> expect annual growth \u200bto \u2060rise by 0.9%.<\/div>\n<div><\/div>\n<div>On the Johannesburg Stock Exchange, the Top-40 index was down 0.6% in early trade.<\/div>\n<div><\/div>\n<div>SA&#8217;s \u2060benchmark \u200b2035 government bond was firmer \u200bin early deals, with the yield down 3.5 basis points \u200bto 8.775%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":34578,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-45644","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand was steady in early trade on Wednesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45644","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\/45644\/revisions"}],"predecessor-version":[{"id":45645,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45644\/revisions\/45645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/34578"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=45644"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=45644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}