Gold producers such as Harmony Gold zipped higher on Tuesday, leading a strong rally in South African shares after the previous session's sharp sell-off, with investors flocking to the precious metal as a safe haven amid global market storms.
Harmony added 11.4 percent to 25.57 rand, its highest level in more than three months and its biggest one-day gain since August 2013, while Africa's top bullion producer AngloGold Ashanti jumped 6.8 percent to 110 rand.
Spot gold hit a three-week high on Tuesday as sliding oil prices and wider euro zone jitters sent investors scurrying for cover.
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