Gold prices inched higher on Thursday, after hitting a three-week low in the last session, as investors took solace in the U.S. Federal Reserve’s plan to dial back its stimulus without hiking interest rates for a while.
Spot gold rose 0.1% to $1,771.87 per ounce by 0612 GMT, after touching its lowest since Oct. 13 on Wednesday. U.S. gold futures gained 0.6% to $1,773.70.
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.