Predictions of a hard landing in China will not pan out and global emerging market growth will accelerate in 2014 lifting demand for metals and minerals.
Head of non-traditional asset classes at top Swiss wealth firm says 2014 will be awful for gold, but if you must own it, best keep it under your mattress.
Gold jumped again on Friday and with shorts climbing to a record 8,3m ounces any sustained rally will spark a scramble by hedge funds to cover their positions.