South African Rand Fluctuates on Gold Price Volatility -- Market Talk

Dow Jones

Feb 06

1516 GMT - The South African rand's recent fluctuation reflects the volatility in gold prices, Commerzbank's Volkmar Baur says in a note. The dollar-rand exchange rate has showed an almost perfect correlation with the price of gold over the past three months, he says. "This is driven by the fact that gold, platinum and palladium are important exports for South Africa, recently accounting for around 20% of exports and rising significantly faster than exports overall when calculated in rand." However, the underlying driver for a stronger rand remains structural improvements in South Africa and these are continuing regardless of gold prices, he says. The dollar falls 1.5% to 16.0550 rand as gold prices rise. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

February 06, 2026 10:17 ET (15:17 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2609592783"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2609592783\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2609592783?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-06 23:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2609592783","market":"fut","top_or_hot":-1,"title":"South African Rand Fluctuates on Gold Price Volatility -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1516 GMT - The South African rand's recent fluctuation reflects the volatility in gold prices, Commerzbank's Volkmar Baur says in a note. The dollar-rand exchange rate has showed an almost perfect correlation with the price of gold over the past three months, he says. \"This is driven by the fact that gold, platinum and palladium are important exports for South Africa, recently accounting for around 20% of exports and rising significantly faster than exports overall when calculated in rand.\" However, the underlying driver for a stronger rand remains structural improvements in South Africa and these are continuing regardless of gold prices, he says. The dollar falls 1.5% to 16.0550 rand as gold prices rise. (renae.dyer@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2026 10:17 ET (15:17 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>South African Rand Fluctuates on Gold Price Volatility -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSouth African Rand Fluctuates on Gold Price Volatility -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-06 23:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1516 GMT - The South African rand's recent fluctuation reflects the volatility in gold prices, Commerzbank's Volkmar Baur says in a note. The dollar-rand exchange rate has showed an almost perfect correlation with the price of gold over the past three months, he says. \"This is driven by the fact that gold, platinum and palladium are important exports for South Africa, recently accounting for around 20% of exports and rising significantly faster than exports overall when calculated in rand.\" However, the underlying driver for a stronger rand remains structural improvements in South Africa and these are continuing regardless of gold prices, he says. The dollar falls 1.5% to 16.0550 rand as gold prices rise. (renae.dyer@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2026 10:17 ET (15:17 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_1OZ","symbol_name":"1盎司黄金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2609592783","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609592783","pubTimestamp":1770391020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1516 GMT - The South African rand's recent fluctuation reflects the volatility in gold prices, Commerzbank's Volkmar Baur says in a note. The dollar-rand exchange rate has showed an almost perfect correlation with the price of gold over the past three months, he says. \"This is driven by the fact that gold, platinum and palladium are important exports for South Africa, recently accounting for around 20% of exports and rising significantly faster than exports overall when calculated in rand.\" However, the underlying driver for a stronger rand remains structural improvements in South Africa and these are continuing regardless of gold prices, he says. The dollar falls 1.5% to 16.0550 rand as gold prices rise. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","XME":"金属与采矿指数ETF-SPDR","BK4585":"ETF&股票定投概念","BK4535":"淡马锡持仓","GDXJ":"小型黄金矿业ETF(Market Vectors)","SGOL":"Abrdn Gold ETF Trust","BK4504":"桥水持仓"},"translate_title":"南非兰特因金价波动而波动——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"1OZmain":0.9,"XME":0.9,"SGOL":0.9,"GDXJ":0.9},"content_text":"1516 GMT - The South African rand's recent fluctuation reflects the volatility in gold prices, Commerzbank's Volkmar Baur says in a note. The dollar-rand exchange rate has showed an almost perfect correlation with the price of gold over the past three months, he says. \"This is driven by the fact that gold, platinum and palladium are important exports for South Africa, recently accounting for around 20% of exports and rising significantly faster than exports overall when calculated in rand.\" However, the underlying driver for a stronger rand remains structural improvements in South Africa and these are continuing regardless of gold prices, he says. The dollar falls 1.5% to 16.0550 rand as gold prices rise. (renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2026 10:17 ET (15:17 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}