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The rand softened early on December 29 as investors took profits after a precious-metals rally, trading at 16.7025 per dollar. The currency is on course for gains above 12% this year, supported by fiscal improvement, inflation control and high gold and platinum prices.
Short-term rand moves are small, but the broader trend of a firmer rand keeps South African imported feed costs lower in local currency terms.
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.