Gold hits over 3-month high

Gold prices rose on Monday to their highest level in more than three months, as a dip in U.S. Treasury yields and worries over surging COVID-19 cases in some Asian countries boosted demand for the safe-haven metal.

Spot gold was up 0.6% at $1,853.50 per ounce by 0519 GMT, hitting its highest since Feb. 10. U.S. gold futures jumped 0.9% to $1,854.10.

“Treasury yields are falling and on the other hand, there seems to be fears about virus resurgence in Singapore, Taiwan and broader Asian-Pacific markets… driving up demand for safety,” said Margaret Yang, a strategist at DailyFX.

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.

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CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

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