precious metals

Gold prices remained range-bound in thin trading volumes as markets awaited critical US PCE inflation data, while Kenyan authorities charged a Nairobi forex trader in a Sh32 million fraud scheme involving claims of processing 495kg of gold for export.

South Africa's Rand Refinery is positioning for majority ownership of Ghana's Gold Coast Refinery, while Nigeria's solid minerals minister has sealed a Plateau State mine following an explosion that reportedly killed at least 37 miners.

Precious metals shares comprising over 25% of the JSE All Share Index create significant concentration risk for South Africa's benchmark, while the potential collapse of sugar producer Tongaat Hulett signals deeper industrial challenges.