Gold prices climbed to a more than one-week high on Monday, supported by inflation worries and lingering geopolitical risks, as markets awaited key U.S. inflation data for cues on the Federal Reserve’s interest rate hike trajectory.
Spot gold rose 0.7% to $1,820.23 per ounce by 13:53 ET (1853 GMT), after hitting its highest level since Jan. 27 at $1,820.96 earlier in the session.
U.S. gold futures settled 0.8% higher at $1,821.80.
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.