# South African Rand Finds a Bid on Sharp Gold Price Rally

> The rand has strengthened recently on rising gold prices and a weaker US dollar, according to Investec economist Annabel Bishop. Gold is South Africa's largest export, earning around $18 billion a year, and higher prices improve its terms of trade. Bishop said US quantitative easing is driving portfolio inflows into emerging markets and lifting gold.

- Date: 2020-07-28 · published 2020-07-28T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/52411-south-african-rand-finds-a-bid-on-sharp-gold-price-rally
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The rand move is driven by gold and dollar trends and has no direct effect on feed commodity supply, demand or prices.

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/13783-south-african-rand-finds-a-bid-on-sharp-gold-price-rally

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