Gold prices fell on Thursday as hopes for an economic recovery next year increased risk appetite, although the precious metal was set to wrap up the year with its best performance in a decade. Spot gold fell 0.2% to $1,889.58 per ounce by 0353 GMT. but was up more than 24% for the year. U.S. gold futures were little changed at $1,892.90.
Asian shares were set to end the year at record highs as investors pinned hopes on a swift economic recovery next year, also pressuring the dollar.
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.