Gold hits record highs while JSE thrives; Rand falters amid Trump's tariffs - Chris Harmse

GOLD recorded a new record level of $3 085 in intra-day trade on Friday: Analysis like Goldman see the price for bullion at $3300 over the next 6 months.

- Chris Harmse

The ongoing Trump tariff war with the rest of the world is expected to drive up global inflation and will make gold a safe haven for investors.

The reasonable work in Government of National Unity to get the stalemate position on the national government’s Budget, has put the Rand exchange rate under pressure, as the currency experienced volatility at R19.85 to the US dollar for the week), R19.86 against the euro (like weakness) and depreciation does provide value with R25.88 against the pound.

The All Share Index enjoyed a robust performance last week, climbing 56 points to maintain its position above the 80 000 points to mark the second consecutive week. On Friday, the index reached an intra-day high of 90 141 points, for the month it stands up to 4.2% point is surged by an impressive 4,2%, reflecting a year-to-date increase of 6,2%.