Gold prices held steady on Wednesday as Wall Street retreated from a record run on an unexpected rise in U.S. jobless claims, and the precious metal bounced off a sharp slide toward $1,800.
Spot gold was little changed at $1,806.87 an ounce at 2:55 p.m. EST (1955 GMT), a day after hitting its lowest since July 17 at $1,800.01.
U.S. gold futures settled up 0.1% at $1,805.50.
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.