Miners, resources boost SA future

Johannesburg - South African near-dated futures rallied on Thursday in line with the JSE and stronger global markets‚ with local miners and resources leading the upside after a sell-off on Wednesday. Higher commodity prices due to a softer greenback aided the rally.

The near dated Alsi added 1.26% to close at 33‚720 points. The total number of contracts that exchanged hands was 28 191 contracts from 29 192 contracts on Wednesday.

File photo: Leon Nicholas. Credit: Independent Newspapers

At 5.39pm local time the spot price of gold was $1 725.58 per fine ounce from $1 722.39 previously. - I-Net Bridge