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Gold rises after three-day losing streak

Gold is flashing green at press time with the greenback, yellow metal’s biggest nemesis, feeling the pull of gravity amid signs of risk-on in the global equities. 

The yellow metal is currently trading $1,711, representing a 0.16% gain on the day, having risen from $1,703 to $1,713 in the 60 minutes to 02:00 GMT. Prices fell by 0.12%, 0.96%, and 0.15% on Friday, Monday, and Tuesday, respectively – the metal’s first three-day losing streak since mid-March. 

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.