'Gold is on track to peak at an average price of
$2,107/oz in 2014, says Standard Chartered, although a "super bull" scenario of
the metal rallying to $4,869/oz by 2020 is still a technical possibility.
Though the yellow metal is likely to meet some head winds in the form of
monetary tightening and growing mine supply, demand from the key Indian and
Chinese markets should prove the key price driver, the bank says. "We find that
there is a powerful relationship between income-per-head in Asian emerging
markets and the gold price, which suggests further significant upside for
gold," it says. Spot gold -0.04% at $1,459.05/oz'