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Gold Prices Are Headed for New Highs

The traditional feel-good asset in times of economic duress is nearing a 52-week high as protests continue to erupt across the nation in response to the recent death of George Floyd while he was in police custody in Minneapolis.

Ever since, protesters have taken to the streets in major cities, including New York, Chicago, Portland, and even outside the White House in Washington, D.C. And in some cases, the gatherings have turned violent.

So far, the financial markets have mostly shrugged off the protests. Major stock indexes are still advancing, but there are emerging signs in gold trading, and even with the Cboe Volatility Index, or VIX, that some investors are preparing for more difficult days.

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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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.