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Actionable news in GG: GOLDCORP Inc,

One Reason Goldcorp (GG) Stock is Down Today

NEW YORK (TheStreet) -- Shares of Goldcorp (GG - Get Report) are lower by 0.30% to $13.10 in midday trading on Friday afternoon, as gold prices slip on concerns the Fed will raise interest rates 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.

The stock is one of several in the mining and metals sector trading in the red today.

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On Wednesday, a statement released by a Federal Open Market Committee meeting suggesting it is likely that interest rates will increase in December, the Wall Street Journal reports.

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

Gold for December delivery is slipping by 0.57% to $1,140.80 per ounce on the COMEX this afternoon.

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


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