Increasing ProspectsIf 2024 brings us some declines in interest ratesn the GH share prices could bet an extra boost upwards. There is a related optimistic article in the G&M this morning by Heiko Becker of Reuters, "You (May) Have Arrived at Your Destination: World Market Themes for the Week Ahead."
I just selected the following to highlight his opinion.
Having marched interest rates all the way to the top of the hill investors are now wondering whether the Gand Old Dukes of the Central Bank World - the FED, ECB, BoE & Co. - might soon be marching them down again.
The US economy still looks impressively robust, but even there are cracks starting to show, if the sharp contraction in manufacturing data is anything to go by.
No wonder markets see a 70% chance that the FED's brutal 20-month tightening cycle is over and that rate cuts could begin as early as June.
Also the Bank of Canada Governor, Tiff Macklem last week indicated that Canadian interest rate hikes might likely be coming to an end soon.
A spark in economic activity can only have some positive effects on GH, a little more coin in the pockets is can end up in a slot machine and get us closer to a Bonus Round. Have a great day!