The benchmark R186 government bond weakened, with the yield rising seven basis points to 8.5%.
London-based Oanda analyst Craig Erlam said upcoming political events on the domestic front will not be the main factor for the rand in the coming weeks. With it being one of the most volatile emerging-market currencies, it will probably be among the most vulnerable to episodes of risk aversion due to the US-China spat.
Gold was flat at $1,285.56/oz, while platinum was down 1.05% to $824.52. Brent crude was unchanged at $72.76 a barrel, as concerns over supply disruptions grow amid fears of conflict between the US and Iran over the latter’s nuclear programme.
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