In financial markets, gold edged lower as investors shifted their focus to US jobs data due at the end of the week and the rand marginally dropped by a mere 0.12 percent.

The rand dropped by a mere 0.12 percent to be exchanged for R11.89 for US$1.

The USD was traded for 725.56 kwacha whilst one needed 9.764 kwachas to get US$1.

The Botswana pula slightly gained against the USD by 0.2 percent to close at 9.573 whilst the Namibian dollar was traded for 11.908 against the greenback,  0.13 weaker from yesterday’s closing.

In major currencies, the Canadian dollar was being traded for 1.2305 against the USD.

The British pound was marginally weaker by 0.05 percent to close at 0.7043.

The euro was being exchanged at the close of trading for 0.8034 accompanied by the Australian dollar which shed by 1.13 percent to close the day at 1.248.

The Chinese renminbi also gained by 0.39 percent against the greenback with traders receiving 6.2999 yuan for US$1.

In the commodities markets, crude oil price dropped from yesterday’s price of 69.16 to 65.12 due to rising stocks of crude.

Gold dropped by US$5.8 an ounce to close at US$1345.30 an ounce.

Platinum continue to dip having lost 0.82 percent to close at US$1000.2 an ounce.