Gold prices held above the key psychological level of $1,800 as the dollar and bond yields came under pressure after a tamer-than-expected rise in U.S. inflation led to uncertainty on when the U.S. central bank will begin tapering its asset purchases.
Spot gold was steady at $1,802.86 per ounce, as of 0120 GMT on Wednesday, having hit a one-week peak of $1,808.50 in the previous session.
U.S. gold futures eased 0.2% to $1,803.80.
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.