Gold mining companies rise with metal's price

The price of gold for August delivery on the New York Mercantile Exchange rose $28.60, or 3.2 percent, to $910.90. Earlier in London, gold was trading at $892.50 per troy ounce, up from $887.25 late Wednesday.

The increase in gold's price came as the dollar showed weakness against major currencies and light sweet crude gained $3.95 to $138.50 a barrel on the New York Mercantile Exchange.

The Dow Jones Wilshire U.S. Gold Mining Index rose in late morning trading by 33.81, or 2 percent, to 1,703.91.

Shares of Kinross Gold Corp. rose $1.38, or 6.8 percent, to $21.37; Agnico-Eagle Mines Ltd. rose $3.92, or 6 percent, to $69.83; AngloGold Ashanti Ltd. rose $1.49, or 4.9 percent, to $32.08; Barrick Gold Corp. rose $1.56, or 3.9 percent, to $42.03; Newmont Mining Corp. rose $1.07, or 2.2 percent, to $51.53; Gold Fields Ltd. rose 44 cents, or 3.7 percent, to $12.03; and Iamgold Corp. rose 24 cents, or 4.1 percent, to $6.10.