Gold and silver futures prices in the domestic market were mixed as stimulus talks gathering momentum lifted demand for gold while vaccine approvals kept the price rise in check.
Talks aimed at reaching a fresh coronavirus relief package gathered momentum in the U.S. Congress on Friday, as a bipartisan group of lawmakers worked to put the finishing touches on a new $908 billion bill.
Gold tends to benefit from stimulus measures as it raises the prospect of inflation which bullion is used to hedge against.
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.