Gold and silver rose in Tuesday’s early session as tensions between the United States and China escalated and amid projections that India’s economy could contract 16.5 per cent in the first quarter of the current fiscal.
US President Donald Trump on Monday promised tax credits for firms who relocate manufacturing facilities to the United States from China. Trump’s administration also stated it will further tighten restrictions on Chinese telecommunications firm Huawei.
Caledonia Mining Corporation plc (LON:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe which produced 54,512 ounces of gold in 2018 at an All in Sustaining Cost of $802/oz.