Category: World Economics

South African Rand Rides High on Gold Prices The South African rand has surged in prominence on the back of increasing gold prices, according to Reuters. The correlation is undeniably related to South Africa’s significant gold industry, which contributes a substantial portion to the nation’s GDP. Gold, currently one of the strongest safe-haven assets, has…

This week, gold and silver traders are treading with caution as the strength of the US dollar and the latest Consumer Price Index (CPI) data are influencing the metals’ price dynamics. Despite optimism due to economic recovery worldwide, the bullish sentiments in the gold and silver markets are slightly dampened due to the robust US…