Newmont Mining Corp. (NEM) - Get Report was the big leader in Thursday morning's gold rally, popping 5.98% to $37.05 a share.

The SPDR Gold Trust ETF (GLD) - Get Report gained as well, up 1.51% to $112.53.

Gold Comex futures were trading at $1175.90 an ounce, making Thursday the seventh day of gains in the past eight for the safe haven commodity.

The Wednesday release of the minutes from the Federal Reserve's Open Markets Committee meeting from December has apparently agitated investors. Though the committee unanimously approved a 25 basis point interest rate hike, members expressed uncertainty about the future direction of U.S. fiscal policy.

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