J.P. Morgan names AngloGold Ashanti (AU) as the top EMEA gold pick, raising its December 2026 price target to $63. The firm cited cost pressures and operational factors despite a strong gold price outlook. AngloGold Ashanti is projected to have a Q2 gold production of 734,000 ounces and an all-in sustaining cost of $1,743/oz. In contrast, Fresnillo faces challenges due to the strengthening of the Mexican peso. AngloGold Ashanti is a global gold mining company with key assets in Africa, the Americas, and Australia. The company’s primary product is gold bullion refined from mining operations.

Read more at Yahoo Finance: J.P. Morgan Names AngloGold Ashanti (AU) Top EMEA Gold Pick, Raises December 2026 Price Target to $63