PHYS - Gold gold miners rocket higher as dollar tumbles

Gold (XAUUSD:CUR) surges above $1,900/oz. to start the new year, amid a sliding dollar and prospects of tougher COVID-19 restrictions keeps safe-haven bullion in demand; February Comex gold +2.6% to $1,944.80/oz."Since gold reversed course from below $1,900, this is mainly a reflection of a weaker U.S. dollar... a very fertile backdrop for gold and based on that we've also seen some trend followers and technical traders coming back into the market extending this rally," Julius Baer analyst Carsten Menke says.Gold's recent gains also have been aided by renewed declines in U.S. real yields, which boost the yellow metal's appeal; real yields - the difference between nominal benchmark bond yields and the rate of inflation - were at minus 1.092% on Friday, near last year's most extreme level.ETFs: [[GLD]], [[GDX]], [[GDXJ]], [[NUGT]], [[IAU]], [[JNUG]], [[GGN]], [[DUST]], [[PHYS]]Precious metal miners gaining premarket include [[HL]] +6.1%, [[CDE]] +6.4%, [[NEM]] +3.4%, [[MUX]] +3.5%, [[AG]]

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Gold, gold miners rocket higher as dollar tumbles