NEW YORK (TheStreet) -- Shares of Goldcorp Inc. (GG) are higher by 3.99% to $18.49 in mid-morning trading on Tuesday, as gold mining and related stocks rebound from yesterday's declines, as the price of the precious metal moves higher.
Gold for February delivery is up by 1.96% to $1,205.10 per ounce on the COMEX this morning.
Gold is getting a boost from a weak dollar, CNBC.com reports.
Exclusive Report: Jim Cramer's Best Stocks For 2015
The Wall Street Journal dollar index showed that the currency is down by 0.60% today.
Concerns regarding the outcome of the Greek election and tensions between Russia and the West also contributed to the rise in gold, CNBC.com added.
However, analysts warn that the jump in gold is only temporary and are predicting new lows for the commodity in 2015.
"I think it's going lower," an analyst from Oppenheimer Asset Management told CNBC.com. "I think a lot of these commodities that are priced in dollars are going to be pressured here. It's going to keep going lower, and I would expect new lows in 2015. I think there's a risk you could see $1,000."
Separately, TheStreet Ratings team rates GOLDCORP INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation: