Gold recoups losses after Trump tests positive for Covid-19

Gold reversed course to trade higher on Friday en route to its best week in nearly two months, as investors sought safe-haven assets after U.S. President Donald Trump tested positive for COVID-19, although gains were capped by a firmer dollar.

Spot gold was up 0.1% at $1,907.29 per ounce by 0606 GMT. U.S. gold futures eased 0.2% to $1,913.00.

Bullion has gained 2.5% so far in the week, heading for its biggest weekly percentage rise since the week ended Aug. 7.

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.

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CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI)

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