Goldcorp declares its ninth monthly dividend payment for 2008 of $0.015 per share
Goldcorp Inc. shares are trading higher as U.S. gold futures for December delivery are up 2% or $16.50, at $815.50 per ounce at last check. A weaker dollar has made gold cheaper for other currency holders, which can lift bullion demand and therefore prices. Gold is also seen as a hedge against oil-led inflation.
Weakened dollar and increasing oil prices push the price of gold towards its 27 year high of $825.
Price of gold rises on credit worries, as investors flee financial stocks.