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Benzinga
Benzinga
Business
Surbhi Jain

Gold's Hottest Year Since 1979 — And JPMorgan Sees 80% Upside For This Miner

Gold’s ‘Unbelievable’ Run-Up Is Concerning

Gold is on fire, marking its hottest year since 1979, and Fresnillo Plc (OTCPK: FNLPF) is riding the wave.

Despite soaring prices and a 300% year-to-date gain, JPMorgan analyst Patrick Jones sees room for another 80% upside, citing macro tailwinds, positive tail risks for gold, and further re-rating potential for the miner.

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