Gold price stability in 2014 is likely a catalyst for gains in 2015:

London (Dec 17)  The fact that the London gold price is set to end 2014 around the same level that it started the year is positive for the metal's outlook, investment bank ANZ's said Wednesday, with the Australian bank expecting the metal to end 2015 at $1,280/mt.

 Gold started the year at $1,219.75/oz -- basis the LBMA London Gold Price -- and fixed Wednesday morning at $1,199/oz.

 "For gold, 2014 was a year of stability. Gold prices fell by 30% last year and traded a range of $515/oz. In 2014, gold looks set to end the year almost unchanged -- the opening spot price January 1 was $1,202/oz -- with a peak to trough range of $260/oz," ANZ's research said.

 "We think it is positive for sentiment that the market has stabilized, albeit at a lower price range. The demand fundamentals remain supportive and provide a better base for recovery next year," it added.

Source: Platts