Gold mining stocks singled out as investment bank lifts gold forecast

Gold mining stocks singled out as investment bank lifts gold forecast Proactive uses images sourced from Shutterstock Analysts at JP Morgan retain AngloGold Ashanti Limited (ADR) (NYSE:AU) and Fresnillo PLC (LSE:FRES) as top picks, citing “strong mark-to-market upgrades”, as the bank also lifted its long-term gold price assumption to $4,500 an ounce. These miners offer investors additional potential for cash returns, and scope for re-ratings relative to peers, the bank said in a note. JP also stays Ove ...