South Africa's commodity-backed currency was stronger against a weaker dollar on Friday, helped by higher gold prices as ...

A week that started fraught with risks for the rand is ending on a positive note for the South African currency.

South Africa’s commodity-linked currency strengthened against a weakening US dollar on Friday, supported by a rise in gold prices as concerns over the United States’ deteriorating fiscal outlook drove ...

Since gold is priced in dollars ... However, as an emerging market currency, the rand is highly sensitive to a range of factors, including commodity prices, local and global economic conditions ...

However, both the local currency and gold, which is the ultimate safe haven ... said Cilliers. The rand, however, gained a percent on Monday, helped by low trading activity due to the holiday, ...

Meanwhile, commodity prices—particularly gold and coal—also supply leading ... one of the most dynamic monthly events for the USD/ZAR currency pair. In South Africa, where the rand is exposed ...

JOHANNESBURG, May 23 (Reuters) - South Africa's commodity-backed currency was stronger against ... At 1513 GMT, the rand traded at 17.88 against the dollar , about 0.7% stronger than Thursday's ...