
The rand was little changed at about 16.50 to the dollar in early trade on Friday as a firmer dollar and weak global risk appetite weighed on emerging-market currencies. The dollar index was near its strongest level since May 2025.
Gold fell 0.5% and was on track for a fourth weekly decline.
Dollar strength and weaker risk appetite reflect broader macro conditions that can affect emerging-market currencies and import costs. Feed buyers in South Africa would see indirect effects through currency-driven input prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.