Gold climbed to a six-week high on Monday, driven by news that U.S. congressional leaders reached agreement on a COVID-19 aid package, while lockdowns in the United Kingdom soured appetite for riskier assets and added to the metal’s support.
Spot gold rose 1.1% to $1,900.57 per ounce by 0512 GMT, having earlier hit its highest since Nov. 9 at $1,901.38. U.S. gold futures gained 0.9% to $1,904.80.
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.