استمتع بـUnlimited مع Magzter GOLD
احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل
يحاول ذهب - حر
Record gold prices sparkle for miners thanks to Trump tariffs, yet SA's economy loses its Midas touch
April 22, 2025
|Cape Times
SOUTH Africa, once the world’s gold powerhouse, is now only the globe's eighth largest producer of the yellow metal and the only real benefit the country is seeing from record prices is the psychological impact on shares in the gold mining sector and the rand.
Overnight, Gold miners, Sibanye Stillwater, AngloGold Ashanti, Gold Fields and Harmony Gold Mining Company advanced 6.8%, 4.1%, 3.1% and 2.9%, respectively, data from Anchor Capital showed.
US President Donald Trump’s trade tariff war, especially with escalating tensions between America and China, has caused concerns over a recession on that country and a spillover effect in terms of slower economic growth across the globe.
As a result, the dollar is moving down and gold - long perceived as a safe haven for investors — is hitting record highs having broken through the$3,300 barrier to trade at $3,326 an ounce in New York just after 3am their time.
However, South Africa's economy won't reap the full benefits of the surge in price.
هذه القصة من طبعة April 22, 2025 من Cape Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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