Anchor Capital: Precious metals rally lifts JSE All Share 4.3% in August
SPY•Major global benchmarks advanced in August
MSCI World rose 2.6% in August; the S&P 500 gained 2.5%; and the Nasdaq added 3.6% despite a rotation out of some technology names.
JSE resources outperformed on metals strength
The JSE All Share climbed 4.3% in August; resources jumped 25.4% as gold and PGM prices surged.
Gold rose 9.7% to an intramonth high of USD 4,690/oz; Brent moved above USD 90/bbl late in the month on Middle East risks.
Global equities and bonds saw late-month volatility
Anchor Capital flagged strong August gains in global equities, masking a late-month volatility spike tied to geopolitics, oil and Fed hawkishness.
Bond markets sold off on U.S. debt fears above USD 40 trillion; a Treasury intervention briefly lowered yields before pressures returned.
