Lately, the rand has been at the mercy of metal prices and yesterday, and today, were prime examples of that. Gold will determine the direction for a while.
More Quotes from Ion Vleeschauwer:
The gold price is still up there and platinum is still trading above 1,000. That still points to a stronger rand. We could see a sharp weakening in the rand if the commodity prices lose steam.Ion Vleeschauwer
The gold price at these levels still helps the rand immensely. It's still pretty good going for the rand.
Ion Vleeschauwer
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