Platinum and gold lift a JSE plagued with nervous tics

Business

Platinum and gold lift a JSE plagued with nervous tics

Global investors appear encouraged by the apparent deceleration in the number of new coronavirus cases

Lindiwe Tsobo

The JSE closed firmer on Wednesday, in line with most global markets, following a slight decline in the number of new cases of the coronavirus – although fears of its effect on the world economy linger.

The JSE all share index gained 0.39% on Wednesday to 57,941, with the top 40 rising by the same percentage. The JSE platinum index leapt 7.42% and the gold index 7.17%.

“Global investors appear encouraged by the apparent deceleration in the number of new coronavirus cases, despite the death toll in China having surpassed 2,000,” said Oanda senior market analyst Craig Erlam...

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