SOUNDINGS

A daily reading of the South African investment case

The read, 30 Aug 2026

Fixed Investment (GFCF) as % of GDP D2
13.20%
Bearish
SA–US 10-Year Yield Spread X1c
409bps
Bullish

Commodities X4

Are the prices South Africa sells into firm or falling?

Horizon

Are the prices South Africa sells into firm or falling? X4

GoldUSD/oz
$3500$4000$4500$5000$5500$4563Oct 25Jan 26Apr 26Jul 26
PlatinumUSD/oz
$1500$2000$2500$1884Oct 25Jan 26Apr 26Jul 26
Brent crudeUSD/bbl
$60$80$100$120$140$88Oct 25Jan 26Apr 26Jul 26
CopperUSD/t
$10.0k$12.0k$14.0k$14.5kOct 25Jan 26Apr 26Jul 26
ManganeseUSD/dmtu · proxy
$4$5$5$5Jul 25Oct 25Jan 26Apr 26

Five small multiples, one hue, one unit each — never five lines on one plot, where four of the five would be flat against gold. Colour would carry no information here: each panel has exactly one series and its title names it. Manganese is not a benchmark price: there is no liquid exchange price for manganese ore and the assessed prices are paywalled, so this is one producer’s quarterly realized price, standing in.

Table view — Are the prices South Africa sells into firm or falling?
DateGoldPlatinumBrent crudeCopperManganese
28 Aug 2026$4,562.75$1,883.95$14,535
27 Aug 2026$4,568.95$1,821.3$14,490
26 Aug 2026$4,631.5$1,856.9$14,525
25 Aug 2026$4,615.45$1,835.95$88.24$14,425
24 Aug 2026$4,663.7$1,891.05$92.71$14,344
21 Aug 2026$4,582.1$1,888.95$96.92$14,291
20 Aug 2026$4,482.95$1,810.25$94$14,170
19 Aug 2026$4,460.7$1,755.4$92.37$14,180
18 Aug 2026$4,403.5$1,752.6$95.29$14,335
17 Aug 2026$4,405.8$1,768.2$92.43$14,850
14 Aug 2026$4,390.7$1,738.55$92.02$14,545
13 Aug 2026$4,373$1,733.8$92.03$14,285
12 Aug 2026$4,426.65$1,775.8$92.52$14,376
11 Aug 2026$4,383.35$1,758.4$93.26$14,425
10 Aug 2026$4,324.45$1,743.4$92.74$14,290
7 Aug 2026$4,335.55$1,748.25$87.62$14,240
6 Aug 2026$4,267.85$1,728.05$89.65$14,455
5 Aug 2026$4,206.6$1,722.2$86.65$14,168
4 Aug 2026$4,084.2$1,709.5$86.47$14,195
3 Aug 2026$4,028.15$1,616.65$88.9$13,945
31 Jul 2026$4,026.6$1,626$96.95$13,834
30 Jul 2026$4,111.05$1,620.6$91.91$13,795
29 Jul 2026$4,000.85$1,596.9$91.95$13,633
28 Jul 2026$4,022.2$1,604.85$85.51$13,644
27 Jul 2026$4,075$1,628.25$91.82$13,810
24 Jul 2026$4,067.3$1,600.7$100.31$13,617
23 Jul 2026$4,044.9$1,605.75$105.32$13,745
22 Jul 2026$4,155.1$1,646.15$94.12$13,895
21 Jul 2026$4,052.3$1,621.65$93.85$13,856
20 Jul 2026$4,003.55$1,586.1$86.99$13,629
17 Jul 2026$3,995.35$1,571.75$85.01$13,374
16 Jul 2026$3,993.55$1,647.75$81.23$13,565
15 Jul 2026$4,062.2$1,646.1$83.08$13,537
14 Jul 2026$4,075.5$1,630.65$83.69$13,541
13 Jul 2026$4,039.75$1,625.8$81.62$13,461
10 Jul 2026$4,099.15$1,618.45$74.34$13,409
9 Jul 2026$4,130.15$1,618.85$74.46$13,357
8 Jul 2026$4,066.2$1,584.45$76.5$13,090
7 Jul 2026$4,155.8$1,645.05$71.78$13,309
6 Jul 2026$4,140.95$1,617.3$69.56$13,310
3 Jul 2026$4,164.15$1,648.9$68.68$13,299
2 Jul 2026$4,129.2$1,617.55$68.53$13,202
1 Jul 2026$4,089.45$1,569.4$69.24$13,170
30 Jun 2026$4,026.05$1,567$70.46$13,341$4.95
29 Jun 2026$4,026.45$1,588$71.59$13,303
26 Jun 2026$4,072.05$1,613$70.16$13,287
25 Jun 2026$4,001.8$1,608$73.74$13,194
24 Jun 2026$4,024.45$1,589$72.09$13,182
23 Jun 2026$4,135.5$1,646$75.69$13,334
22 Jun 2026$4,196.95$1,684$76.49$13,642
19 Jun 2026$4,150.9$1,662$80.46$13,531
18 Jun 2026$4,236.15$1,715$79.35$13,612
17 Jun 2026$4,341.85$1,788$80.33$13,736
16 Jun 2026$4,335.8$1,814$80.5$13,682
15 Jun 2026$4,355.2$1,799$84.36$13,714
12 Jun 2026$4,185.95$1,704$88.64$13,603
11 Jun 2026$4,074.85$1,668$92.84$13,420
10 Jun 2026$4,170.95$1,681$95.73$13,370
9 Jun 2026$4,327.65$1,779$94.15$13,716
8 Jun 2026$4,320.6$1,764$97.46$13,661

Showing the most recent 60 of 258 observations in this window.

Bullish USD 4,562.75/oz at Friday's fix (2026-08-28), +33.9% over twelve months. Directly supportive of the new precious-metals tracker's constituents.

Where these numbers come from

SeriesSourceCadenceLatest
Gold PriceLBMA Precious Metal Prices (official)daily · quantitative2026-08-28 · current
Platinum PriceLBMA/LPPM Platinum PM Price (official)daily · quantitative2026-08-28 · current
Brent Crude OilFRED keyless CSV — DCOILBRENTEU (EIA Brent Europe spot)daily · quantitative2026-08-25 · current
Copper PriceWestmetall market data table (LME Copper cash settlement)daily · quantitative2026-08-28 · current
Manganese Ore PriceJupiter Mines (JMS.AX) quarterly realized Mn ore price — PROXYquarterly · quantitative2026-06-30 · current