SBSW - Gold miners on the rise as dollar slumps

Gold jumps to a two-week high with the dollar falling as Joe Biden nearly wraps up the U.S. presidency, with gold futures +1.3% and cracking $1,921/oz. - a level that has provided both support and resistance after the metal set a new high of $2,075/oz. in August.Gold spot price (XAUUSD:CUR) rose as much as 1.4% to $1,929.35/oz., while silver spot (XAGUSD:CUR) climbed as much as 4.1% to $24.87/oz."A Democrat in the White House would lead to a weakening of the dollar because of the additional spending and the nature of the mandates that he would set," StoneX analyst Rhona O'Connell says.Among precious metals miners rising pre-market: [[HMY]] +7.3%, [[GFI]] +6.8%, [[HL]] +6.7%, [[AG]] +5.8%, [[SBSW]] +5.7%, [[CDE]] +5.6%, [[KGC]] +5.1%, [[FSM]] +4.7%, [[AU]] +4.5%, [[EXK]] +4.3%, [[BTG]] +4.1%, [[AGI]] +3.6%, [[AUY]] +3.4%.[[CDE]], [[MUX]], [[NEM]], [[KGC]], [[GOLD]]ETFs: [[GLD]], [[GDX]], [[GDXJ]], [[NUGT]], [[IAU]], [[JNUG]], [[GGN]], [[DUST]], [[PHYS]], [[JDST]], [[SGOL]]

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Gold, miners on the rise as dollar slumps