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Tuesday, November 01, 2016 10:22:49 PM
01 NOVEMBER 2016 - 19:28 PM STAFF WRITER
JSE electronic board. Picture: MICHAEL BRATT
JSE electronic board. Picture: MICHAEL BRATT
South African futures rallied on Tuesday as the market followed a firmer JSE.
Gold shares benefited from safe-haven demand with an increasingly edgy
US presidential election.
Latest polls indicate Republican candidate Donald Trump edging ahead of
Democratic nominee Hillary Clinton again, as Clinton battles to limit
fallout from further email revelations expected in a new FBI probe.
The gold index closed 6.83% higher as the gold price gained 0.80% to
$1,287.80 an ounce, resulting in the all share ending the day 0.82%
higher at 51,002.70.
The platinum index ended the day 7.73% up as the platinum price firmed 2.15% to $997.03 an ounce.
Brent oil lifted 0.42% to $48.73 a barrel on expected higher US
supplie Jones industrial average was 0.14% lower at 18,115.99 points.
At the same time, ts, with numbers set to be released later in the
week, and amid scepticism about the efficacy of the announced Opec
production freeze.
The global market tone was mixed with Europe’s main markets trending
lower.
The FTSE 100 was flat (+0.05%) but the Paris CAC 40 shed 0.45% and the
German Dax dropped 0.71%.
At 5.45pm, the Dow he local near-dated top-40 Alsi futures index was
0.84% higher at 44,662 points with 23,467 contracts traded from
Monday’s 28,903.
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
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