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Benzinga
Benzinga
Business
Surbhi Jain

Gold Could Hit $4,000 - JPMorgan Sees This Miner Rallying 60-70%

JPMorgan Gold Patrick Jones AngloGold
Gold Bars

JPMorgan is doubling down on gold. This time, AngloGold Ashanti PLC (NYSE:AU) is leading the charge.

While the yellow metal is up a glittering 28% year-to-date, gold miners have gone full supernova. Fresnillo Plc's (OTCPK: FNLPF) 158% rally has been the talk of the town, but JPMorgan analyst Patrick Jones just made a surprising switch: AngloGold is now his Top Pick, replacing the Mexican miner that has dominated headlines.

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