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Gold price rallies as it provides safe haven against local market tumult

On the international front, the brent price has fallen to $60/bbl.

The poor GDP figures wreaked havoc on the local markets, with financial counters down, the rand weakening, trading at R14.68 against the dollar. However, this gave rand-hedge stocks a boost. Matete Thulare, a business analyst at RMB discusses the latest changes in the markets and the factors that contributed to these movements with Nompu Siziba.

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