Gold prices rose on Monday, supported by technical trading after the previous session’s steep fall and a pause in the dollar rally, although an impending oversized rate hike by the U.S. Federal Reserve limited bullion’s appeal.
Spot gold XAU= was up 0.5% at $1,650.49 per ounce, as of 0149 GMT. Prices fell more than 1% on Friday and marked its biggest weekly decline since July.
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.