Investments | Why is gold suddenly surging?

South African markets closed in the green yesterday, boosted by gains in property and precious metal mining stocks. Property developers, Delta Property Fund, Emira Property Fund, Vukile Property Fund and Growthpoint Properties gained 16.7%, 3.9%, 1.1% and 1.0%, respectively.

Platinum miners, Northam Platinum, Impala Platinum and Anglo American Platinum surged 7.8%, 7.4% and 5.1%, respectively.

Energy and chemical company, Sasol jumped 7.5%, after the company revealed that it has won its appeal that its sulphur dioxide emissions would be measured using an alternative method. Retailers, Pick ‘n Pay Stores, Cashbuild, Foschini Group and Spar Group advanced 5.2%, 1.4%, 1.3% and 1.2%, respectively.