JOHANNESBURG, Jan 13 (Reuters) - The South African rand weakened on Tuesday as investors took profits after the currency benefited from a surge in gold prices during the previous session.
At 1303 GMT the rand traded at 16.4650 against the dollar , about 0.5% weaker than its previous close.
It gained around 0.5% on Monday, boosted by gold which climbed more than 2% to an all-time high as investors sought the safe haven asset after the Trump administration opened a criminal investigation into Federal Reserve Chair Jerome Powell.
It gained around 0.5% on Monday, boosted by gold which climbed more than 2% to an all-time high as investors sought the safe haven asset after the Trump administration opened a criminal investigation into Federal Reserve Chair Jerome Powell.
The bill will next go to the U.S. Senate.
On the Johannesburg Stock Exchange, the Top-40 index was last down 0.04%.
South Africa's benchmark 2035 government bond was flat, with the yield at 8.295%
The bill will next go to the U.S. Senate.
On the Johannesburg Stock Exchange, the Top-40 index was last down 0.04%.
South Africa's benchmark 2035 government bond was flat, with the yield at 8.295%.
Reporting by Sfundo Parakozov and Anathi Madubela; Editing by Susan Fenton and Gareth Jones
Source: Reuters