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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThis Wednesday, the South African rand was stable in early trading. The analysts pointing out that rising gold prices were the reason for the currency's recovery
.At 0640 GMT, the rand traded at 18.9550 against the US dollar, compared to its previous close of 18.9650. The currency, penalized by weak economic data, has lost more than 3% against the greenback since the start of the year. ETM Analytics said in a research note, “the recent rise in the price of gold has given the rand some breathing space
.”
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