Scotiabank analyst Tanya Jakusconek raised the firm’s price target on AngloGold Ashanti to $26 from $22 and keeps a Sector Perform rating on the shares. The firm adjusted its gold price forecasts for 2024 and 2025, taking into account forecasts for interest rates, inflations, USD expectations, and incorporating stronger than expected purchasing of gold in the official sector, the analyst tells investors.
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