MBABANE: Gold fell nearly 5% on Thursday (9pm) to around $4 600 an ounce, while Brent crude oil spiked to nearly $120 a barrel before retreating to R114 following news of attacks on oil infrastructure amid the war in the Middle East, Moneyweb reported.
It has been reported that, the JSE closed 2.7% down, having recovered some losses after plunging as much as 4.3% in early afternoon trade.
The big losers of the day on the JSE were gold and platinum shares.
Sibanye-Stillwater and Impala Platinum plunged more than 10%, with Harmony, Valterra and Northam losing between 8% and 9%.
Platinum prices are down nearly 10% year to date and 28% from the January peak of $2 878/oz. Palladium is down 14% for the year so far, creating a bloodbath for platinum group metal (PGM) stocks.
SGX-listed companies with secondary listings on the JSE will have fewer compliance requirements to deal with (Pic: Waldo Swiegers/Bloomberg).