Gold hits another record high
When the markets closed in Asia, the precious metal was trading at $1 209.00 an ounce but later went as high as $1 224.82 an ounce on the European market.
Analysts reckon gold will remain as a safe haven while other markets continue fluctuate and remain vulnerable.
It opened at $1 229.00, just up from a previous record of $1 226.56 for the metal set on December 3 last year.
"The response of the central banks and the IMF to the southern European mess is almost guaranteed to ensure continued volatility in world markets," said Capital Spreads analyst Simon Denham.
Gold's main drivers are jewellery and people looking to invest in gold and the precious metal hit record highs last year following inflationary fears and moves by central banks to diversify assets away from the dollar.
Escalating concerns about the situation in Greece have also added to people investing in gold.
"This resilient performance... is perhaps telling of the scepticism markets still have over the execution of the plans and the tough fiscal challenges that will face some euro area economies," added Barclays Capital analyst Yingxi Yu.
"While markets remain jittery over the effectiveness of the plans, gold is likely to perform relatively well."
Featured The bank took money from my account – is this allowed?
You’ve just deposited money into your account and suddenly you see a notification from your bank. Money has been deducted from your account to pay the outstanding debt that you have with the bank. Is this allowed?
How much does it cost to draft a will?
Having a Will allows you to determine who inherits your property when you die. If you die intestate, the government will determine how to distribute your assets. Many people die intestate because they don’t know how to draft a will or are intimidated by the costs of drafting one.
Is your home correctly priced for the current market?
The property market is typically in either one of two phases, a buyers’ market or a sellers’ market. According to real estate experts, we are currently in a buyer’s market. For this reason, it is important as a seller to correctly price your house to ensure interested buyers and a valuable sale in the end.
Fuel rewards programme – how to fill up on petrol and points
South Africa’s volatile economy has often meant that factors like the fuel price bear the brunt. This year alone the country’s fuel price has fluctuated by between R1.50 to almost R3, which has put increasing pressure on motorists. That said, many of the bigger South African brands have provided some relief by way of fuel rewards programmes.
Mowana Voucher Special
Price: From R1,099
When: Before 24 December 2019
Birchwood Hotel Christmas Gift
When: Between 15 December 2019 to 1 January 2020
Burger & Lobster Lunch in 30 Minutes Special
Where: Cape Town