Gold’s rally powers South African miners to best month on record
The surging gold price has propelled South African mining stocks to their best monthly performance on record, shielding the country’s benchmark index from the mayhem in global markets. An index of South African mining companies jumped 33% in March, the most in a month since Bloomberg started compiling the data in 1995. That helped the benchmark FTSE/JSE All Share Index post a 3.1% gain for the month, outperforming emerging-market peers and US equities.
The surging gold price has propelled South African mining stocks to their best monthly performance on record, shielding the country’s benchmark index from the mayhem in global markets. An index of South African mining companies jumped 33% in March, the most in a month since Bloomberg started compiling the data in 1995. That helped the benchmark FTSE/JSE All Share Index post a 3.1% gain for the month, outperforming emerging-market peers and US equities.
