Gold futures finished higher Thursday, with tightening supplies for the commodity, worries about the economic impact of the COVID-19 pandemic, and rising tensions in the Middle East lifting bullion prices for a second session.
The precious metal held on to its price gains after weekly U.S. labor-market data showed another 4.4 million people filed for unemployment benefits for the week ended April 18, bringing the total claims over the past month to 26 million since the coronavirus pandemic laid siege to the economy.
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.