Gold rose to a two-month high on Monday, bolstered by a retreat in the dollar and persistent inflation concerns after key central banks indicated interest rates would remain low in the near term.
Spot gold was up for the third straight session, rising 0.5% to $1,825.64 per ounce by 1:40 p.m. ET (1740 GMT), the highest since Sept. 7. U.S. gold futures settled 0.6% higher at $1,828.
Boosting gold’s appeal for those holding other currencies, the dollar index eased 0.3%.
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.