Johannesburg - South Africa gold miners buck the weaker tone on the exchange, paced by Gold Fields, feeding off a weaker rand currency and a higher price of the yellow metal.
The JSE gold index is up 0.79 percent with Gold Fields adding the most points to the index, rising 1.6 percent to 75.55 rand.
Investors bought gold, lifting its price above $1,600 for the first time in two weeks, as fresh worries about euro zone debt crisis sapped risk appetite while the same factor hit the rand currency and the wider market.
Gold miners, which Thomson Reuters StarMine suggests are way undervalued, are benefiting from a weaker rand against the dollar because producers earn profits in dollars and pay for local costs in rands.
Gold Fields should be trading at about 116 rand per share, or about 57 percent above the current price based on its most likely earnings trajectory over the next five years, according to StarMine data, which uses a blend of analysts' estimates and its own models. - Reuters