As precious metals falter, what are the implications for the Rand and global markets?"
During the past week, precious metal prices came under significant pressure as investors across the globe sold what had until now been regarded as traditional safe haven assets and shifted back towards riskier investments such as the US dollar and equities.
The release of the US non farm payroll data for May on Friday accelerated this trend.
The US economy created 172,000 new jobs in May 2026, well above market forecasts of 85 000.
In addition, the US Labour Department revised the previous month's figure upward to a gain of 179 000 jobs, reinforcing the view that the American labour market remains resilient.
