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The rand traded near 15.71 per dollar on January 29, its strongest level since mid-2022, as investors moved away from the greenback amid policy uncertainty in the US. Analysts said the rand could drift toward 14 per dollar over the coming months, and gold was above $5,500 per ounce.
Continued dollar weakness and a firmer rand would lower South African import costs and reflect a broader risk-on flow that can support precious and dollar-priced commodities, with limited direct effect on feed grains.
iol.co.zaNicola MawsonJan 29, 2026Not 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.
