Rand hits post-war high, breaking 16.00 as gold surges
The South African rand broke below 16.00 against the US dollar on August 24, 2026, hitting its strongest level since the US-Iran war began, driven by gold at three-month highs of $4,641.53/oz and dollar weakness ahead of new Washington sanctions on Tehran. The currency rose 0.8% to 15.98, erasing panic losses from late February, while SA's 2035 bond yield fell to 8.56% and the JSE Top-40 gained 2.2%.



















