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Actionable news in GG: GOLDCORP Inc,

Goldcorp (GG) Stock Is the 'Chart of the Day.'

NEW YORK (TheStreet) -- Goldcorp (GG - Get Report) stock is down by 5.04% to $16.40 in early-afternoon trading on Thursday.

Shares are being pressured as gold prices decline after the Federal Reserve mentioned that there is enough time for two or three additional interest rate hikes this year. Higher interest rates make holding non-interest bearing assets such as gold less appealing to investors.

Additionally, the dollar has strengthened, making dollar-denominated gold more expensive to foreign buyers.

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