Gold posts its first back-to-back decline in a week before a Bank of England decision on interest rates and official US jobs numbers.
SA’s rand advances for the second day as local and international traders keep tabs on the results of #Elections2016.
Investors are counting on the Bank of England to cut interest rates to a record low to support an economy that has slumped since the Brexit vote.
Traders refrain from making any large moves while results trickle in from local government elections.
Market analysts are waiting to see if SA’s election outcome will prompt the government to alter its economic course.
European stocks fall to two-week lows on Tuesday, dragged down by banks.
Oil rises in New York amid speculation the oversupply still weighing on global markets will diminish, even after prices fell into a bear market.
Gold producers will extend this year’s share gains with bullion prices likely to continue to rise on haven demand.
SA’s rand was forecast to perform the worst in emerging markets this year - but it’s gaining from the post-Brexit rush to boost returns.