Tuesday, June 26, 2007

Rand softens versus dollar, gold weighs

(Reuters) - South Africa's rand eased against the dollar late on Tuesday, mostly weighed down by a sell-off of gold and other precious metals, while government bonds weakened.

At 1530 GMT the local unit was at 7.1848 against the dollar, around 0.1 percent weaker than its New York close of 7.18 on Monday, after dipping earlier to 7.1992/dollar.


Read more at Reuters Africa

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