Anchor Capital says JSE slides 6.7% in September as precious metals correction hits resources shares

By Public Technologies
  • Anchor Capital flagged September market stress as U.S. 10-year Treasury yields briefly topped 5.0%, pressuring global risk assets.
  • JSE All Share slid 6.7% in September, led by resources as a precious-metals correction hit gold and PGMs.
  • Gold fell 6.3% in September; platinum dropped 4.5%; palladium sank 11.5% as rising yields lifted the cost of holding non-yielding assets.
  • Brent crude rose 14.4% in September, back above US$100/bbl, driven by supply risks tied to the US-Iran impasse.
  • SARB lifted the repo rate 25 bps to 7.25% on 23 September as higher oil prices complicated the inflation outlook.


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