Gold futures climbed on Monday, marking their highest settlement in just over a week, with a softer U.S. dollar and fresh talk of a stimulus deal supporting prices for the metal.
“Like equities, the gold market seems to think easy money from the [Federal Reserve], plus big deficit spending by government, is going to win out over COVID’s deeply deflationary impact ,“ Adrian Ash, director of research at BullionVault, told MarketWatch.
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 which produced 54,512 ounces of gold in 2018 at an All in Sustaining Cost of $802/oz.