Gold prices inched higher on Tuesday after hitting a 1-1/2-month low in the previous session, as hopes of further global stimulus to stem the economic toll from the COVID-19 pandemic countered a firmer dollar.
Spot gold rose 0.1% to $1,838.51 per ounce by 0039 GMT. On Monday, prices had dipped to their lowest since Dec. 2 at $1,809.90. U.S. gold futures gained 0.4% to $1,836.50.
The U.S. dollar hit a four-week high against rival currencies in the previous session.
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.