First Thing, Daily Maverick's flagship newsletter

Join the 230 000 South Africans who read First Thing newsletter.

We'd like our readers to start paying for Daily Maverick

More specifically, we'd like those who can afford to pay to start paying. What it comes down to is whether or not you value Daily Maverick. Think of us in terms of your daily cappuccino from your favourite coffee shop. It costs around R35. That’s R1,050 per month on frothy milk. Don’t get us wrong, we’re almost exclusively fuelled by coffee. BUT maybe R200 of that R1,050 could go to the journalism that’s fighting for the country?

We don’t dictate how much we’d like our readers to contribute. After all, how much you value our work is subjective (and frankly, every amount helps). At R200, you get it back in Uber Eats and ride vouchers every month, but that’s just a suggestion. A little less than a week’s worth of cappuccinos.

We can't survive on hope and our own determination. Our country is going to be considerably worse off if we don’t have a strong, sustainable news media. If you’re rejigging your budgets, and it comes to choosing between frothy milk and Daily Maverick, we hope you might reconsider that cappuccino.

We need your help. And we’re not ashamed to ask for it.

Our mission is to Defend Truth. Join Maverick Insider.

Support Daily Maverick→
Payment options

Gold Edges Higher as Virus Variant Threatens Global Rec...

South Africa

South Africa

Gold Edges Higher as Virus Variant Threatens Global Recovery

A gold bar on display in a shop window in the Gold Souk in the Deira district of Dubai, United Arab Emirates, on Wednesday, Feb. 10, 2021. While silver’s jump to an eight-year high on Feb. 1 benefited many long-standing bulls on Wall Street, shop owners thousands of miles away in Dubai’s Gold Souk were far less euphoric. Photographer: Christopher Pike/Bloomberg
By Bloomberg
20 Jul 2021 0

Gold rose as the spread of the delta coronavirus variant threatens the world’s exit from the pandemic, boosting haven demand.

New waves of Covid-19 are challenging previous optimistic assumptions about the pace of the global economic recovery. Highlighting the change in investor mood, long-term Treasury yields plunged to the lowest levels since February on Monday — aiding non-interest bearing gold — and the S&P 500 fell the most in two months.

The U.S. on Monday warned citizens against travel to the U.K. and Indonesia, while hospitalizations in Texas rose the most since April and Southeast Asia reels from a wave of infections. The resurgent virus threatens to delay re-opening plans, and gives central banks more incentive to extend ultra-easy monetary policy.

Bullion has rebounded in the past month to trade above $1,800 an ounce after a volatile year tied to shifting expectations for economic prospects and the pace of monetary tightening.

Spot gold rose 0.3% to $1,818.25 an ounce by 10:27 a.m. in Shanghai. Platinum gained 1%, while palladium and silver steadied.

Gallery

Comments - share your knowledge and experience

Please note you must be a Maverick Insider to comment. Sign up here or sign in if you are already an Insider.

Everybody has an opinion but not everyone has the knowledge and the experience to contribute meaningfully to a discussion. That’s what we want from our members. Help us learn with your expertise and insights on articles that we publish. We encourage different, respectful viewpoints to further our understanding of the world. View our comments policy here.

No Comments, yet

Please peer review 3 community comments before your comment can be posted