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Precious metals miners led gains in London on Monday as gold climbed to record highs following the US and Israeli attack on Iran, with investors rushing into safe-haven assets. Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF, FRA:6E2), the FTSE 100 gold producer, Fresnillo PLC (LSE:FRES), the Mexican silver and gold miner, and Pan African Resources PLC (LSE:PAF, OTCQX:PAFRY, JSE:PAN), the South Africa-focused…

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.