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This Analysis Assigns a Hold rating for Endeavour Mining plc
Retail investors should consider a Hold rating on Endeavour Mining plc (OTCQX:EDVMF) shares as these are not expected to recover anytime soon while uncertainty remains over interest rate expectations.
This stock is not seen as suitable for medium to long-term positioning, but rather as a way to profit from gold price cycles. The shares will offer proper entry points in the future.
US Economy Heading for Recession: Upward Catalyst for Gold Prices
The risk of a rise in energy costs in the wake of the Middle East crisis and the creation of 353,000 jobs in January, well above market forecasts of 180,000 jobs, increase the likelihood that the Federal Reserve will delay its rate-cutting policy and make fewer rate cuts than expected this year.
The prospect of a “higher-for-longer” interest rate policy from the Fed is strengthening the value of…
