Gold prices started the new year on a high by notching an eight-week peak on Monday, as spiking Covid-19 cases and prospects of tougher restrictions boosted the safe-haven metal’s appeal.
Spot gold rose 1.1% to $1,919.11/oz by 5.53am GMT, having hit its highest level since November 9 at $1,925.05, while US gold futures climbed 1.6% to $1,925.
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.