SBSW - Gold price tops $1900 to six-week high on dollar slide stimulus progress

Mining stocks are solid performers today as gold prices (XAUUSD:CUR) rally past $1,900/oz. for the first time in nearly six weeks, alongside a steep decline in the U.S. dollar.February gold +1.8% to $1,893.70/oz., on pace for its highest trade since early November and well above its 50-day moving average, while March silver (XAGUSD:CUR) +3.8% to $26.02/oz., after the Federal Reserve strengthened its commitment to supporting the economic recovery and U.S. lawmakers made progress on a stimulus package."Since 2015, the December Fed meeting has often served as a launching pad for a metals rally that extends well into the new year," Gold Newsletter editor Brien Lundin tells MarketWatch, adding that the phenomenon is a "bit of a self-fulfilling prophecy at this point."Among precious metal miners on the move: [[GOLD]] +1.8%, [[NEM]] +1.5%, [[KGC]] +2%, [[AUY]] +3.4%, [[IAG]] +2.9%, [[GFI]] +4.9%, [[SBSW]] +5.5%, [[DRD]] +7.8%, [[HMY]] +3.7%, [[CDE]] +7.3%, [[HL]] +7.6%, [[EXK]]

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Gold price tops $1,900 to six-week high on dollar slide, stimulus progress