South African rand buoyed by higher gold prices as local data disappoints
JOHANNESBURG, Dec 1 (Reuters) – South Africa’s commodity-linked rand edged up on Monday, helped by higher gold prices despite a disappointing local manufacturing purchasing managers’ index (PMI) survey and softer-than-expected vehicle sales figures for November. At 1448 GMT, the rand traded at 17.0950 against the dollar, roughly up 0.1% on Friday’s close. The greenback last …
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