The JSE closed substantially weaker on Friday with broad-based selling on most major markets spurred by worries over possible US interest-rate rises after Donald Trump’s election victory. With falls across the board‚ the all share closed 2.33% weaker at 50‚294 points and the top 40 index was down 2.28%.Gold miners fell the most at 7.06% followed by general retailers losing 4.33%. Banks lost 2.75%.The gold price was 2.64% lower at $1‚231.54 an ounce at the JSE’s close‚ from $1‚264.97 on ounce on Thursday.The rand fell almost 2% against the dollar on Friday.Shaun Murison‚ IG senior market analyst‚ said that while the market had calmed somewhat since the US election result on Wednesday‚ the cyclical nature of volatility and Trump’s abrasive nature suggested the storm might not yet be over.“Markets will be interested to see just how the foreign policy rhetoric manifests‚ what the fate of the Federal Reserve chairwoman Janet Yellen will be‚ the extent of fiscal loosening and government spending changes‚ to name but a few of the expected catalysts for further market volatility‚” Murison said.Europe’s leading markets were mixed in late afternoon trade. The FTSE 100 was down 1.04%‚ the CAC 40 dipped 0.63% but the Dax 30 was 0.54% firmer.The Dow Jones industrial average was 0.15% lower in early Friday trade.Oil prices continued to extend their recent declines due to a stubborn global crude glut and lower expectations for a production cut by Opec when they meet later this months.At 545pm local time‚ Brent crude was down 2.59% at $44.76 a barrel.Among individual shares on the JSE‚ Anglo American closed 2.03% lower at R206.65 and Sasol fell 2.4% to R368.13.Rand-hedge stocks British American gained 4.08% to R777.68 and Richemont lifted 1.78% to R96.32 as a weaker rand provided support.Gold miner AngloGold Ashanti gave up 5.81% to R169.45 and Gold Fields plummeted 7.11% to R51.10.Nedbank shed 4.23% to R219.50 and Barclays Africa Group lost 3.04% to R145.90.- BusinessLIVE..