(Bloomberg) -- The South African rand and Chilean peso may extend gains because of robust economic growth and the surge in commodity prices, according to Goldman Sachs Group Inc.
The rand and peso have risen with other emerging market currencies as prospects for stronger growth stoked demand for high yielding assets. Gold makes up about 13 percent of exports in the economy, Africa's largest, and the rand often moves in tandem with the precious metal. The price of copper, of which Chile is the biggest producer, climbed 41 percent last year.
Read more at Bloomberg Currencies News
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