Gold inched higher on Monday, as elevated U.S. inflation lifted its safe-haven appeal, while investors awaited a Federal Reserve meeting to learn how quickly the central bank planned on unwinding its bond-buying programme.
Spot gold was up 0.2% at $1,785.20 per ounce, as of 0757 GMT, after rising as much as 0.8% on Friday. U.S. gold futures were up 0.1% at $1,785.70 per ounce.
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.