South African rand weakens as precious metal prices retreat ahead of US economic data
The rand weakened Tuesday as gold and platinum prices fell. Investors are now awaiting U.S. economic data and local production figures due later this week.
Insights:
The South African rand weakened by 0.3% in early Tuesday trade as a pullback in precious metal prices and anticipation of economic data from the United States 
US weighed on investor sentiment. Gold fell 0.8% and spot platinum dropped 2.3%, a notable decline given that both metals are key exports for South Africa 
ZA.
US weighed on investor sentiment. Gold fell 0.8% and spot platinum dropped 2.3%, a notable decline given that both metals are key exports for South Africa ZA.
