The Rand continues to soften against the major currencies. At 15:45 today, the Rand was trading at R7.8303 to the dollar from its previous close of R7.7301. The local currency was trading at R11.9199 to the euro from a previous R11.7678 and at R15.5675 against sterling from R15.3291 before.The JSE ended the day in the positive with the All Share index up 0.83%. The gains in the JSE were largely attributed to the resource stocks after strong platinum and gold prices pushed the stocks up. Financial stocks still remain in the red with the financial index being 2.75% down. Financial stocks are under pressure due to the weak Rand and poor inflation outlook in South Africa.Platinum reached record highs today, trading at $2 243 an ounce. The platinum price continues to rise amidst the power supply problems being experienced in South Africa which are hampering the production of the precious metal. The price over platinum has risen by over 40% so far this year and it looks like the price may get up into the $2 500 region.The price of Gold hit a bid high of $987 an ounce today. The rising price in gold is largely due to the market seeking to invest in commodities at this moment in time. With the low interest rates in the US, gold’s appeal becomes greater as the market sees gold as an alternative investment.

Oil continues to be around the $102 a barrel price today as the market awaits the OPEC meeting on Wednesday to find out if output will be increased.

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