| Gold prices are set to rebound in 2014 as commodity markets in general get a boost from the U.S. economic recovery and a more stable Chinese economy, says Patricia Mohr, commodities specialist at Scotiabank Capital Inc.
“While gold is vulnerable to further rounds of Fed tapering through 2014 (that is, reduced ‘liquidity’), chances are good that gold has bottomed,” Ms. Mohr said in her latest report to clients. “Gold is currently trading at US$1,261 (bid as a ‘safe-haven’ amid fresh emerging-market concerns) and should rally to US$1,375 in 2015, on prospects for higher inflation in the second half of the decade.”..............................................Full Article: Source
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