# Rand set for weekly gain - Moneyweb

> The rand strengthened on Friday and was headed for a weekly gain of over 1% against the dollar. The move followed the standoff between the West and Russia over Ukraine, which lifted gold prices as investors sought safe havens.

- Date: 2022-02-18 · published 2022-02-18T12:00:00.000Z
- Category: geopolitics · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42978-rand-set-for-weekly-gain-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Geopolitical risk supports gold and South Africa's terms of trade, which helps the rand. This has only a minor effect on feed ingredient prices.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-set-for-weekly-gain/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.