Gold prices steadied on Monday near a three-week high scaled last week, as fears over the rapidly spreading Omicron coronavirus variant buoyed the metal’s safe-haven appeal.
Spot gold was steady at $1,798.60 per ounce, as of 0807 GMT, while U.S. gold futures fell 0.3% to $1,800.10. In the previous session, bullion prices hit their highest since Nov. 26.
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.