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R6 million blow to WeBuyCars, and South Africa’s richest city wants to escape Eskom | SA News

Staff Writer
 ·24 Dec 2025

Despite thin trade due to the holiday season, the rand experienced a small rally on Tuesday, following a surge in the gold price.

The rand chalked up further gains against the dollar on Tuesday, helped by gold prices reaching another record high.

Gold rose to an all-time high above $4,500 an ounce on escalating tensions in Venezuela and expectations for more US rate cuts.

Silver and platinum also advanced to records. Spot gold climbed nearly 1%, building on three consecutive days of gains.

This drove the rand to trade…

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