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Gold stocks rally as rand tanks

May 30 2013 17:51 I-Net Bridge

(http://www.shutterstock.com)

Company Data

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 0
Change 2,32
% Change 0
Cumulative volume 830575
Market cap 14.93bn

Last Updated: 27-01-2015 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 0
Change 4,27
% Change 0
Cumulative volume 2074119
Market cap 50.11bn

Last Updated: 27-01-2015 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 0
Change 3,74
% Change 0
Cumulative volume 1212569
Market cap 51.09bn

Last Updated: 27-01-2015 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Gold stocks rallied on Thursday‚ with Harmony Gold Mining [JSE:HAR] soaring nearly 20%‚ on the combination of a firmer gold price and rand weakness.

The domestic currency breached the R10/$ for the first time since March 2009 while the gold spot was 1.66% to $1 414.06oz.

At 16:50 on Tuesday‚ the gold index was up 11.10%‚ reversing May’s losses.

Harmony shares were up 17.05% to R41.20‚ while Gold Fields [JSE:GFI] lifted 10.57% to R62.36. AngloGold Ashanti [JSE:ANG] and Sibanye Gold [JSE:SGL] picked up 10.63% to R175.95 and 8.03% to R8.07 respectively.

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