Gold prices surged higher breaking out above resistance levels as US yields tumbled despite a stronger than expected U.S. Retail sales report.
The U.S. 10-year yield dropped nearly 11-basis points once of the largest declines of the year.
Advance retail sales rose 9.8% for the month, the Commerce Department reported compared to estimates of a 6.1% gain and a decline of 2.7% in February.
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.