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Actionable news in GG: GOLDCORP Inc,

Goldcorp (GG) Stock Lower on U.S. Interest Rate Hike Concerns

NEW YORK (TheStreet) --Shares of Goldcorp (GG - Get Report) are down by 1.17% to $12.66 on Monday morning, as gold prices slip on continued concerns the Fed will increase interest rate in December.

Goldcorp is a Vancouver-based gold producer that is engaged in the acquisition, exploration, development and operation of gold properties in North America, Mexico and Central and South America.

Several stocks within the mining and metals sector are trading in the red this morning.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.

Gold for December delivery is lower by 0.56% to $1,134.90 per ounce on the COMEX.

Investors have been cutting their gold holdings since last week when Federal Reserve officials issued signals that an interest rate hike could be coming next month, the Wall Street Journal reports.

Higher interest rates can weigh on gold as the precious metal pays no interest to those that hold it.

Separately, TheStreet Ratings team rates GOLDCORP INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about...


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