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"In light of the UK voting for a Brexit, we expect gold to provide a haven for investors. Coupled with sterling weakness, we see upgrades likely for all gold producers in the near term. We appreciate Randgold retains an almost sacrosanct place in many portfolios and given the outperformance to date, we do not expect that to change in the near term, given the lack of viable liquid alternatives. In light of the anticipated strength in the gold price and inevitable weakness in Sterling..." Panmure published a note this morning from research tree
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