A South African one rand coin sits on South African rand banknotes ... The South African rand strengthened on Tuesday, helped by the gold price extending its historic run to a new all-time ...

These days, owning gold coins can look a little different ... The krugerrand takes its name from former South African president Paul Kruger and rand, the country’s currency.

South Africa's rand gained on Friday due to record high gold prices that were driven by investors seeking safe haven assets amid worries over a global trade war.