Newmont (NYSE:NEM), Gammon (NYSE:GRS), Randgold (Nasdaq:GOLD) Move Up on Rising Gold Prices

Newmont Mining Corporation (NYSE:NEM), Gammon Gold Inc. (NYSE:GRS), and Randgold Resources (Nasdaq:GOLD) are all trading up today as they move higher in unison with the broader gold market.

Almost every gold miner is moving up today, although some like Ivanhoe Mines (NYSE:IVN) haven't participated as greatly as others.

Newmont has risen to $60.68, gaining $1.57, or 2.66 percent at 1:45PM EDT. Gammon was trading at $6.99, gaining $0.23, or 3.40 percent. Randgold was up to $97.27, increasing $3.71, or 3.97 percent.

Gold prices today have been driven by the announcement by the Federal Reserve they're going to inflate by another $600 billion over the months ahead, driving down the value of the U.S. dollar while increasing the price of gold, as was expected.