https://newsletter.en.creamermedia.com
Africa|Export|Gold
Africa|Export|Gold
africa|export|gold

South African rand gains as gold scales new peak

R5

Photo by Reuters

12th January 2026

By: Reuters

  

Font size: - +

The South African rand gained in early trade on Monday, helped by gold prices reaching another record high.

At 0736 GMT the rand traded at 16.4225 against the dollar, roughly up 0.4% from its previous closing level.

Soaring prices of precious metals, a major South African export, have helped to propel the rand to its strongest in more than three years.

The currency ended 2025 nearly 13% stronger against the US dollar and is poised to clock another year of gains.

Gold broke through $4 600 per ounce for the first time on Monday, while silver also hit a record high, as investors snapped up safe-haven assets due to heightened geopolitical uncertainties and a criminal probe into Federal Reserve Chair Jerome Powell.

Andre Cilliers, Currency Strategist at TreasuryONE said that the turmoil in Iran and weak US labour data also fuelled safe-haven demand.

On the Johannesburg Stock Exchange, the Top-40 index was up 1.2% in early trade.

South Africa's benchmark 2035 government bond also gained, with the yield falling five basis points to 8.285%.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 
Astore Keymak
Astore Keymak

Astore Keymak is one of South Africa’s leading suppliers of high-quality Thermoplastic Pipeline Systems, with branches in the major provinces.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Head and shoulders shot of Amanuel
Structural shift under way
27th February 2026 By: Devina Haripersad
Engineering News editor Terence Creamer
2026 Budget highlights
25th February 2026 By: Creamer Media Reporter

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.028 0.183s - 113pq - 2rq
Subscribe Now