CUR - Miners on the rise as weaker dollar boosts metal prices
Mining names open higher after metals prices are helped by a weaker dollar due to speculation that D.C. lawmakers will make progress on talks for stimulus legislation to be financed by trillion-dollar borrowing.Most metals are moving higher, with December copper (HG1:COM) +1.1% to $3.18/lb., near its highest intraday level since May 2018.Gold prices (XAUUSD:CUR) edge higher for a third straight day, pushing toward a five-week high with December Comex gold +0.6% to $1,928/oz., while December silver (XAGUSD:CUR) +1.1% to $25.24/oz.However, some experts warn that gold is vulnerable to sharp pullbacks following a recent period of listless trade, leading into the U.S. presidential elections and as bond yields rise.Among copper and diversified miners: [[FCX]] +3.4%, [[SCCO]] +1.4%, [[HBM]] +3.9%.Among gold and silver miners, [[EGO]] +2.3%, [[KGC]] +1.8%, [[AEM]] +1.5%, [[AU]] +1.3%, [[AUY]] +1.1%, [[GOLD]] +0.7%, [[EXK]] +3.1%, [[CDE]] +2.4%, [[HL]] +1.9%, [[AG]] +1.7%.ETFs: [[GLD]], [[SLV]], [[GDX]], [[GDXJ]], [[NUGT]], [[IAU]], [[JNUG]], [[GGN]],
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Miners on the rise as weaker dollar boosts metal prices