Why Trump is seemingly (now, all of a sudden) hammering the rand

Why is the rand weakening - is it because of the Trump drama?

Where are Americans putting their money?

Is it all gold?

The Money Show’s Bruce Whitfield interviewed Treasury One Director Andre Cilliers.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

Gold’s been on a rampage.

Andre Cilliers, Treasury One

Yes, Donald Trump is at the forefront.

Andre Cilliers, Treasury One

I think it’s all a little bit overdone.

Andre Cilliers, Treasury One

It’s got more to do with economics than anything else… the Fed indicated it won’t hike rates as rapidly as it previously thought.

Andre Cilliers, Treasury One

We are definitely still on track for the rand to appreciate.

Andre Cilliers, Treasury One

A further downgrade is, mostly, priced in.

Andre Cilliers, Treasury One

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Article brought to us by Old Mutual.


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