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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