Ivanhoe (NYSE:IVN ), Gammon (NYSE:GRS), Yamana (NYSE:AUY) Make Big Moves Up as Gold Prices Soar

Ivanhoe Mines (NYSE:IVN ), Gammon Gold (NYSE:GRS) and Yamana Gold(NYSE:AUY) have all made big upward moves in their share prices today as gold prices came roaring back, as the U.S. dollar fell back to earth where it belongs.

Spot gold prices rose by $18.30, increasing to $1,354.10 an ounce as of this writing. Gold futures for December delivery rose to $1,346.90 on the Comex division of the New York Mercantile Exchange, increasing $10, or 0.8 percent.

The U.S. dollar fell on news Ireland will probably receive billions in order to protect them from failing because of its sovereign debt load, which it is in danger of defaulting on.

Gold is trading today in response to the plunge in value of the dollar.

Yamana Gold was trading at $11.47, rising by $0.33, or 2.96 percent, as of 2:33 PM EST. Gammon Gold was at $6.54, increasing $0.27, or 4.31 percent. Ivanhoe was up to $24.45, gaining $0.83, or 3.51 percent.