Anchor Capital says JSE slides 6.7% in September as precious metals correction hits resources shares
Bitget2026/10/01 19:11- Anchor Capital flagged September market stress as U.S. 10-year Treasury yields briefly topped 5.0%, pressuring global risk assets.
- JSE All Share slid 6.7% in September, led by resources as a precious-metals correction hit gold and PGMs.
- Gold fell 6.3% in September; platinum dropped 4.5%; palladium sank 11.5% as rising yields lifted the cost of holding non-yielding assets.
- Brent crude rose 14.4% in September, back above US$100/bbl, driven by supply risks tied to the US-Iran impasse.
- SARB lifted the repo rate 25 bps to 7.25% on 23 September as higher oil prices complicated the inflation outlook.
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