MARKET WRAP: JSE muted as rally runs out of steam

Gold gained 1.28% to $2,407.58/oz and platinum 1.37% to $1,086.80/oz. Brent crude was 0.3% firmer at $83.51 a barrel

17 May 2024 – 18:18

by Lindiwe Tsobo

The JSE closed marginally firmer amid mixed global peers on Friday as investors consider the US Federal Reserve’s latest outlook on inflation and interest rates.

A softer inflation report this week saw the all share reach its highest level since February 2023 at above 79,000 points, while the rand firmed to its best intraday levels since December on Friday…

Source